Revenue eBrief No. 222/22

22 December 2022

Tax treatment of payments received under the Brexit Voluntary Permanent Cessation Scheme

A new Tax and Duty Manual Part 23-05-01 – Tax treatment of payments received under the Brexit Voluntary Permanent Cessation Scheme – has been published.

This Tax and Duty Manual provides guidance in relation to the tax treatment of payments made in respect of the decommissioning of fishing vessels under the scheme.