Becoming “Fit for 55”

Article

On 16 May 2023, new rules for the reform of the EU’s Emissions Trading System including for aviation and maritime, the Carbon Border Adjustment Mechanism and a new Social Climate Fund were published in the Official Journal of the EU.

Read more

The EU Social Taxonomy Proposal

Article

Following the introduction of the EU's environmental taxonomy, the Platform on Sustainable Finance (the Platform), as advisor to the European Commission, was asked to advise on a potential social taxonomy framework.

Read more

Taxonomy regulation:  An Overview of the Reporting Obligations

Article

While the Taxonomy Regulation establishes a classification system for determining whether an economic activity is environmentally sustainable, it also introduces obligations on certain types of entities to report on the Taxonomy alignment of their activities or the financial products that they offer.

Read more

Funds Sector 2030 public consultation commences

publication

In early April the Department of Finance finally issued their terms of reference for reviewing the Irish funds sector (both regulated and unregulated and including section 110 SPVs). The review was originally flagged by the Minister of Finance in his Budget 2023 speech.

Read more

Costs in tax litigation

publication

Taxpayers who are dissatisfied with a decision or assessment of the Irish Revenue Commissioners (Revenue) have the right to appeal to the Tax Appeals Commission (TAC), which is the statutory body that has the power to set aside, vary or uphold a decision of Revenue, or seek judicial review of the relevant Revenue decision directly to the High Court.

Read more