In this month’s roundtable the panel looks at the potential impact of BEPS Pillar Two rule on the investment funds industry in light of the extension of rules to standalone entities under Ireland’s domestic top up tax. New guidelines issued by Revenue on the VAT treatment of negotiation services in respect of financial services, with the panel outlining the conditions to be satisfied to fall within a VAT exemption. Building on the commentary on tax treatment changes for Aircraft Leasing activity in Ireland in last month’s Irish Tax Monitor, this month the panel outlines industry adaptations to the new rules. Noteworthy determinations by the Tax Appeals Commission in the opening quarter feature royalty withholding taxes, ‘expenses of management’ and ‘wide reaching’ information requests. A guidance Update to the recently introduced ERR also features while the changes in taxation of share options when exercised, and what companies need to do to meet the new rules is explained.