Brexit could deliver massive shock to Irish SMEs, warns Finance
The Department flags the fact that costs and barriers to trade for small business will mushroom
The Department of Finance has warned that Brexit risks delivering a major administrative and financial shock to thousands of Irish small businesses, crippling vital tax revenues and multiplying opportunities for Vat fraudsters.
The return of duty-free shopping between Britain and Ireland “would significantly impact on indirect tax revenues”, while backlogs would cause “significant delays” on borders, with some customs workloads multiplying tenfold.
The dire warnings are contained in the Department of Finance Tax Strategy Group...
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply