Andersen in Ireland

31/03/2023

M&A trends: Despite the fact that the total number of deals in 2022 fell short of the record-breaking number of deals achieved in 2021, they still managed to exceed pre-pandemic levels. The pace of M&A transactions remained strong throughout the year, but experienced a notable slowdown in the last quarter. Stay tuned for our upcoming report, which will provide a comprehensive overview of the M&A landscape in this first quarter as well as M&A trends for the second half of 2023.

M&A trends: Despite the fact that the total number of deals in 2022 fell short of the record-breaking number of deals achieved in 2021, they still managed to…

28/03/2023

We’re delighted to share that Andersen´s Corporate and M&A team has been recognized in the Chambers and Partners Europe 2023 Directory.
🏆 Once again, we're proud to record 69 individual recognitions and 35 practice areas recognitions in the Corporate and M&A field.

04/03/2023

Andersen International Tax - Tax Alert on DEBRA proposals

Andersen’s International Tax Practice in Europe analyzed the proposal of the European Commission, which addresses the issue of asymmetrical tax treatment of the use of debt and equity. According to the EU, the tax-driven debt-equity bias results in favouring the use of debt over equity for investment financing, creating an unstable and vulnerable economic environment. The DEBRA Proposal aiming to tackle this bias, is expected to be applicable as from January 1, 2024 in the EU Member States. See below.

27/01/2023

The has been one of the main players in the field of M&A in recent years due to the growing interest in renewable energies. As a result, both the EU Institutions and all European countries have taken urgent measures to protect a critical sector such as the energy one and ensure citizens' access to energy resources. The new edition of our provides a comprehensive analysis of 15 European countries, addressing transaction trends in this sector and the regulatory and tax measures adopted by each country.

The magazine also includes experts’ opinions and a dedicated section with the most relevant Corporate and M&A news in our European practice group.

16/12/2022

Using a cross-border approach, the Andersen European Business Incentives and Tax Credits service line developed a detailed examination of R&D incentives in 24 Member States and in Albania, Switzerland, and the United Kingdom.
Activities related to research, development, and innovation (R&D&I) are crucial for enterprises. The EU has started a number of multiyear R&D framework programs at the European level, over the years, while European countries are opening their own incentive regimes as well. The EU's rules and definitions should serve as the foundation for the Member States' legislation.
This guide is intended to provide simple access to relevant information on research and development definitions and R&D tax incentives in the covered countries.
You can download the guide here:

23/07/2021

The Andersen Ireland Team taking advantage of the sunny weather while it lasts during our cocktail making teambuilding competition with these fabulous cocktail boxes from the Armada Spanish Point. Supporting Irish businesses while supporting each other!

21/07/2021

Tax and Duty Manual Part 33-03-04 ‘Filing Guidelines for DAC6 (EU Mandatory Disclosure of Reportable Cross-Border Arrangements)’ has been amended at Section 7.4 to include a revised date for the re-opening of the portal of 17 August 2021. See: http://ow.ly/Lw0m50FAw1t

20/07/2021

TDM Part 42-04-01 PAYE Exclusion Orders has been updated as follows to provide clarity for bonuses paid where a PAYE Exclusion Order is in place, to remove the concessionary treatment for freelance actors, to update the PRSI contact details in the Department of Social Protection and to outline COVID-19 concessions for PAYE Exclusion Orders which ceased on 31 Dec 2020. Appendix I is also inserted to show a sample PAYE Exclusion Order. See: http://ow.ly/C1Ki50FzE71

15/07/2021

In a recent CJEU Press Release, the General Court dismisses action brought against the Commission’s decision to initiate the formal investigation procedure in respect of tax rulings issued by the Netherlands tax administration to Nike and Converse. These tax rulings validate for tax purposes a transfer pricing arrangement, in particular level of royalties’ payable by Nike and Converse to other Nike group companies, which are not taxed in the Netherlands, in return for the use of intellectual property rights. The GC does not accept any of the arguments put forward and dismisses the action in its entirety. See: http://ow.ly/hfwr50Fwxbe

14/07/2021

In a recent Press Release by Dept. of Finance, Minister Donohoe announces dates for 4th annual Climate Finance Week Ireland 2021. CFWI has over the years developed into the landmark sustainable finance event covering broader environmental, social and governance (ESG) topics in Ireland. CFWI will showcase how firms have secured leadership buy-in, supported internal sustainable finance talent development, overcame data challenges, and utilised digital technologies to roll out new products, while fully integrating reporting frameworks. See: http://ow.ly/d42050FvUKV

14/07/2021

Tax and Duty Manual Part 33-03-04 ‘Filing Guidelines for DAC6 (EU Mandatory Disclosure of Reportable Cross-Border Arrangements)’ has been amended at Section 7.4 to include the XML Schema Version 1.2 update and the applicable migration dates. See:

12/07/2021

Following the Committee Stage amendments to the Finance (Covid-19 and Miscellaneous Provisions) Bill 2021 passed by the Dáil last week, Revenue has updated the Main Guidelines on the operation of the Employment Wage Subsidy Scheme (EWSS) and published new Guidelines on eligibility for the Employment Wage Subsidy Scheme from 1 July 2021. The new Guidelines on Eligibility for the EWSS from 1 July 2021 reflect the legislative changes to eligibility for EWSS and their practical application. These Guidelines should be read in conjunction with the Main EWSS Guidelines. See: http://ow.ly/tR8d50Fu9Ch