On 26 June 2023, Minister O'Gorman announced the commencement date for the provisions within the new Work Life Balance and Miscellaneous Provisions Act 2023, relating to medical care leave and time off for breastfeeding, will be Monday 3 July 2023. Read more on the announcement here.
EmploymentUCITS Eligible Assets Directive, ESMA Q&As, ESMA's annual report, EPM costs, Greenwashing, EU Commission on improving the sustainable finance framework, MiFID II, EMIR, AML/CFT/Sanctions.
Asset Management & Investment FundsFunds Sector 2030 public consultation, CBI consultation on its Administrative Sanctions Procedure, CBI speech on the Individual Accountability Framework, access to registers of beneficial ownership.
Asset Management & Investment FundsLast year, we published an overview of the European Commission's (Commission) initial proposal for a Corporate Sustainability Due Diligence Directive (Directive).
ESG & SustainabilityOn 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.
ESG & SustainabilityFollowing 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.
ESG & SustainabilityThe Taxonomy Regulation is a complex piece of legislation. Its aim is to reorient capital flows towards sustainable activities through the establishment of a classification system for environmentally sustainable economic activities.
ESG & SustainabilityWhat is EU Taxonomy and how does it apply to the construction industry?
ConstructionWhile 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.
ESG & SustainabilityThe Central Bank of Ireland has launched a consultation on a number of legislative and policy amendments to its Administrative Sanctions Procedure. Read more on our update here.
Financial RegulationIn 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.
Asset Management & Investment Funds
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.
Tax Disputes & Enquiries
