Oireachtas Joint and Select Committees

Tuesday, 5 February 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

 

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Much work has already happened in that area. There are two things happening specifically. The Revenue Commissioners are either organising seminars or are engaging with representative bodies in different sectors of the economy, explaining to those bodies the kinds of requirements necessary to deal with a third country. To be clear, even though the Revenue Commissioners will be able to give a lot of support and advice on the situation in the event of a disorderly Brexit, it will involve change for individual companies and will affect their costs bases and how they supply goods.

At this point, what the Revenue Commissioners can do is indicate to people the change that is likely to happen and give them enough time to plan for it. There will be change, however.

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