The cloud of uncertainty cast by Brexit is not all grey. Silver-linings have emerged in Ireland...
Irish exports to Britain grew by 8% last year, to €14.4bn, despite fears of a prolonged...
Brexit Video Series
While there may be long-term benefits and new opportunities arising from the UK's decision to...
The exact consequences for future policy and regulation remain unknown. It will take time to fully understand the implications of the vote, and it is important to note that Article 50 of the Lisbon treaty provides for two years, from the date the UK Government gives notice to the Council of Europe, to negotiate and agree exit terms.
We remain committed to partnering with our clients and our people during this period of volatility and uncertainty, supporting them as the implications of the vote become clear and helping them work through any necessary changes.
"The UK exit from the EU will have significant consequences for businesses and individuals in Ireland, the UK and internationally. Over the coming weeks we will work with our clients to assess the impact on their business and help them to navigate through the uncertainty."
Mark Kennedy, Managing Partner, Mazars
Currently, UK VAT refund claims can be lodged by EU based foreign traders/businesses through the EVR (Electronic VAT refunds) through their local EU Member State tax administrations. In Ireland, this is done using the Revenue Commissioners ROS portal.
While the final settlement between the UK and the European Union is still to be negotiated, there are steps that businesses can take now. The Mazars Brexit Checklist helps entrepreneurial businesses consider the implications for their company in Ireland and what practical steps they should take to prepare for every eventuality.
While there may be long-term benefits and new opportunities arising from the UK's decision to leave the EU, in the short-to-medium term many clients are facing important and challenging decisions.
Well, one can hardly keep up. At the 11th hour, Mrs. May has cancelled the vote – a decision that no one seems to support, and yet many will probably be glad of given the alternative.
The political process has left businesses facing uncertainty for too long. Large corporations have made their plans. Mark Kennedy explains, with only 200 days to go, it is time for SMEs to act.
Risks to Irish Economy post Brexit requires longer transition period and additional supports for Irish Businesses
15th February 2018 – Traditional economic sectors including agriculture and tourism will require post-Brexit financial support from both the EU and Irish state according to Mark Kennedy, Managing Partner at Mazars.
The new Brexit reality...
Although it only recently became clear that the British people had voted to leave the EU, the implications of that decision are already being felt in the financial markets and the financial services industry.
Irish exports to Britain grew by 8% last year, to €14.4bn, despite fears of a prolonged contraction due to a weaker sterling, which drove a 3% fall in 2016.
In what is being described as “uncharted waters”, a period of “turmoil and uncertainty” generally for the UK and the rest of the EU and “of economic uncertainty for Ireland”, the UK will cease to be a member of the EU following the narrow “victory” for the leave campaign.
The risk to Foreign Direct Investment posed by US protectionism is a bigger risk to the Irish economy than Brexit and EU Tax Challenges, warned Mark Kennedy, managing partner, Mazars, one of Ireland’s largest accounting firms.