The chair of Ireland's Revenue Commissioners has said he is almost ‘100% certain’ that there will be no additional customs posts placed along the border with Northern Ireland post-Brexit
Addressing a hearing of the Irish parliament's finance committee, Niall Cody said the Irish Revenue is ‘not planning customs posts’. He added: ‘I'm practically 100% certain that we will not be providing new trade facilitation bays in whatever parts of Donegal, Monaghan, or Cavan’.
Cody did tell the committee that Revenue is advising cross-border traders and transport operators to make long-term plans, and to ‘assume that customs procedures of some form will apply post-Brexit’.
He said that Revenue will provide affected businesses with information ‘as soon as we have a reasonable sense of what's needed’.
A survey released this week by the National Standards Authority of Ireland (NSAI) showed that 63% of Irish organisations believe that a hard border with Northern Ireland would be bad for their business. Just over half of those who took part in NSAI's survey said they fear Brexit will negatively impact their business.
By Jason Gorringe, Tax-news.com
This article was first published in www.Tax-news.com, Wolters Kluwer TAA