Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Readers' forum : Irish incorporation

10 May 2016
Issue: 4549 / Categories: Forum & Feedback

The implications of converting an Irish branch into a subsidiary company.

We act on behalf of a UK-registered limited company. Business is conducted in the UK as well as in Ireland where the company has been ‘trading as’ an Irish branch since 2007.

The company has three permanent staff in Ireland. They are remunerated through an Irish payroll and the universal social charge (USC) and pay-related social insurance (PRSI) are paid. The company operates in Ireland from permanent rented premises. The branch has modest fixed assets which include two vehicles and one projector.

Between 2007 and 2012 the UK invested £500 000 (about €600 000) into the Irish branch to support its business activities until it became self-sustainable. The Irish branch made losses until 2014 and these were fully used by the UK company.

Now that it is making a profit we are exploring the possibility of converting it into a subsidiary but other than that we would...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon