Ireland reaps €700m Brexit bonanza from customs duties

Ireland reaps €700m Brexit bonanza from customs duties - short news


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.

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source: The Guardian - 29.04.2024

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