Contributing Firms:
As the official start of summer begins, it is a seasonal reality that consideration of macro as well as granular details of all aspects of business begins, and tax is no exception - the Budget announcements for 2026 are still months away, and there is time for new initiatives and ideas to be implemented in annual (calendar) year business (and life) plans. This month’s issue accordingly covers a broad range of topics at the top of Ireland’s tax agenda, ranging from Policy Consultations in the areas of R&D Tax credits, and Angel Investor Relief, along with specific examination of the ever present BEPS process and its impact in two areas - aircraft leasing, where real challenges to Ireland’s globally leading aircraft leasing sector are evident - and opportunities, and in a specific end of the market, topical in the context of this month’s issue of Finance Dublin in our Deals of the Year issue - Mergers & Acquisitions of large transnational enterprises.
In this month’s roundtable our panelist write on how Ireland’s Research & Development Tax credit, subject of a recent public consultation, can be improved while suggestions are also made to make the recently updated Angel Investor Relief more attractive to investors and SMEs. The latest developments in the Covidien VAT case, and what it means for taxpayers, are also analysed. The impact BEPS is having on M&A considerations and how BEPS and related tax changes could affect aircraft leasing also feature, as does an analysis of the use of AI in the tax function.
The Department of Finance has launched a consultation on the Research & Development Tax Credit and on Options to Support Innovation. In what ways could Ireland’s R&D Tax Credit be made more attractive and what other options, from a taxation point of view, are there to support innovation? If applicable, please refer to your firm’s response to the consultation?
The great potential of Generative AI (Gen AI) is tipped to revolutionise and transform industries. Looking at the tax function, in what areas is Gen AI already being deployed and what areas of the tax function do you see as having the greatest potential to benefit from enhancements promised by Gen AI?
The Court of Appeal recently overturned a High Court ruling and an earlier determination from the Tax Appeals Commission in the Covidien VAT case with the matter now referred back to the Tax Appeals Commission. What are the considerations for international companies coming from the latest ruling?
Has the implementation of BEPS affected the global aircraft leasing ecosystem and do certain related developments, for instance, changes in Indian tax practices regarding the taxation of Irish aircraft leasing business, threaten Ireland’s position as the global leader for aircraft leasing business?
While an updated Angel Investor Relief regime commenced in March, simplification of the new scheme has already been called for (Irish Tax Monitor, April 2025). What changes and simplifications could be made to the Angel Investor Scheme to make it a more attractive relief for start-ups and investors?
What major BEPS considerations should be taken into account for companies planning on cross-border M&A activity?
What are tax considerations for SMEs in relation to Ireland’s incoming auto enrolment pension scheme?
R&D Tax Credit: The Department of Finance has launched a consultation on the Research & Development Tax Credit and on Options to Support Innovation. In what ways could Ireland’s R&D Tax Credit be made more attractive and what other options, from a taxation point of view, are there to support innovation? If applicable, please refer to your firm’s response to the consultation?
Covidien: The Court of Appeal recently overturned a High Court ruling and an earlier determination from the Tax Appeals Commission in the Covidien VAT case with the matter now referred back to the Tax Appeals Commission. What are the considerations for international companies coming from the latest ruling?
Angel Investor Relief: While an updated Angel Investor Relief regime commenced in March, simplification of the new scheme has already been called for (Irish Tax Monitor, April 2025). What changes and simplifications could be made to the Angel Investor Scheme to make it a more attractive relief for start ups and investors?
AI and the tax function: The great potential of Generative AI (Gen AI) is tipped to revolutionise and transform industries. Looking at the tax function, in what areas is Gen AI already being deployed and what areas of the tax function do you see as having the greatest potential to benefit from enhancements promised by Gen AI?
Mergers & Acquisitions: What major BEPS considerations should be taken into account for companies planning on cross-border M&A activity?
Auto enrolment: What are tax considerations for SMEs in relation to Ireland’s incoming auto enrolment pension scheme?
Aircraft Leasing and BEPS Has the implementation of BEPS affected the global aircraft leasing ecosystem and do certain related developments, for instance, changes in Indian tax practices regarding the taxation of Irish aircraft leasing business, threaten Ireland’s position as the global leader for aircraft leasing business?