Home Business news Ireland reaps €700m Brexit bonanza from customs duties

Ireland reaps €700m Brexit bonanza from customs duties

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Dublin records near-doubling of tax revenue from duties on imports of clothing, food and other goods from Great Britain

Ireland has landed a €700m (£600m) Brexit bonanza with a steep increase in tax revenues flowing from customs duties now applicable to imports of clothing, food and other goods from Great Britain.

Before Brexit, Britain enjoyed customs-free exports to Ireland and the rest of the EU because it was part of the single market and customs union.

Continue reading…Dublin records near-doubling of tax revenue from duties on imports of clothing, food and other goods from Great BritainIreland has landed a €700m (£600m) Brexit bonanza with a steep increase in tax revenues flowing from customs duties now applicable to imports of clothing, food and other goods from Great Britain.Before Brexit, Britain enjoyed customs-free exports to Ireland and the rest of the EU because it was part of the single market and customs union. Continue reading…