The TAC issued its determination on 23 February 2021 in relation to an appeal concerning VAT recovery entitlement regarding the acquisition of investment property (TAC determination released on 14 May 2021).
Tax Disputes & EnquiriesThis audio provides information on the Registration of Aircraft in Ireland, with a particular focus on the most frequently asked questions received from our clients and the impact of Brexit.
Aviation & Transport FinanceOn 22 April 2021, the Irish government enacted the European Communities (Occupational Pension Scheme) Regulations 2021 (the Regulations) which transposed Directive (EU) 2016/2341 (the IORP II Directive) into Irish law.
Pensions & IncentivesUnder new Regulations commenced on 19 April 2021, (re)insurers authorised by the Central Bank of Ireland (CBI) are now required to prepare pre-emptive recovery plans by 31 March 2022.
Insurance & ReinsuranceThe Irish Tax Appeals Commission and Irish Revenue Commissioners recently published their 2020 Annual Reports.
TaxOn 30 March 2021, the Department of the Environment, Climate and Communications published a draft of the Good Practice Principles for Community Benefit Funds (the GPP) under the first Renewable Electricity Support Scheme (RESS 1) for public consultation.
Energy & Natural ResourcesThe European Union's Fifth Anti-Money Laundering Directive (5AMLD) requires VASPs to comply with anti-money laundering and counter financing of terrorism (AML/CFT) requirements.
Financial RegulationIn a judgment delivered on 25 January 2021, Raheenleagh Power DAC, which jointly operates a wind farm in Wicklow with the ESB, has been determined by the High Court to be a "public authority" for the purposes of the AIE Directive.
DisputesThe introduction of gender pay gap legislation in Ireland was well underway up until the COVID-19 pandemic struck in 2020. The Gender Pay Gap Information Bill (the Bill) is now back on the agenda. Cabinet approval has been given to amend the Bill and to introduce a strengthened bill.
EmploymentDomestically, the CBI launched a consultation paper on prospectus fees and service standards and issued its latest markets updates; At European level, the EBA launched a public consultation on regulatory technical standards on disclosure of investment policy by investment firms.
Asset Management & Investment FundsDomestically, the CBI published guidance for Electronic Money Institutions, Payment Institutions and Account Information Service Providers in relation to Fitness and Probity requirements; At European level, the ECB published its targeted review of internal models, a report on its consultation on a digital euro.
FinanceDomestically, the CBI published guidance on performance fees of UCITS and certain types of retail investor AIFs and updated its Q&A on AIFMD; At European level, ESMA updated its UCITS and AIFMD Q&As for its performance fee guidelines.
Asset Management & Investment Funds
