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Article Advisory Other industries
Smarter rules or looser standards?
A sweeping rollback of key European Union (EU) green laws is on the table, potentially relieving tens of thousands of businesses from disclosing their environmental impact and climate risks. Last month, the European Commission (the Commission) announced that 80 per cent of EU companies could be exempt from mandatory sustainability disclosure requirements under its eagerly anticipated Simplification Omnibus package – marking a stark shift from the EU's previously aggressive environmental stance.
Mar 20, 2025
ESG
Article Tax and Legal Advisory Other industries
EU announces major CBAM simplifications: Reduced compliance burden for SMEs
On the 26th February, the EU Commission announced its ‘Omnibus’ package, confirming the simplifications to the Carbon Border Adjustment Mechanism (CBAM). The proposal document and supporting ‘Commission Staff Working Document’ (SWD) were released the following day, outlining amendments to CBAM Regulation 2023/956. Baker Tilly Ireland have reviewed the key points of interest from the proposal document and provided analysis.
Mar 20, 2025
EU announces major CBAM simplifications
Article Advisory Other industries
Application of an appropriate discount rate when performing an impairment test of assets
When conducting an annual audit, significant issues may emerge that could substantially affect a company's financial results. One of the most common concerns among business owners is the impairment testing of assets which directly impacts the company's profit and loss statement by increasing expenses, which, in turn, reduces equity on the balance sheet. This reduction can limit the company’s ability to pay dividends, weaken its equity ratio, and trigger a breach of bank loan covenants.
Reinis Ceplis Feb 6, 2025
Discount rate BT
Article Advisory Other industries
The ESG evolution: What 2025 holds
Stricter regulations, rising investor expectations and rapid technological advancements are poised to make 2025 a defining year for the global environmental, social and governance (ESG) landscape. Our Baker Tilly International network in Brazil partners discuss the trends.
Jan 30, 2025
The ESG evolution What 2025 holds
Article Advisory
Customs Talks: How the new EU Deforestation Regulation (EUDR) will impact business with the UK
The EU Deforestation Regulation (“EUDR”) will affect international trade. Although it only sets rules for EU importers, these rules will have an effect further up the supply chain. As the United Kingdom is an important trade partner for the EU in general and the Netherlands in particular, this new legislation will impact trade with the UK too. In this article, we discuss a number of points of attention concerning the EUDR for UK businesses.
Nov 7, 2024
Bos met weg in het midden
Article Advisory
EU Deforestation Regulation (EUDR): stringent rules for importers, operators and traders
The ‘Deforestation Regulation’ is a new instrument to achieve the environmental targets. The Deforestation Regulation was originally set to enter into force on 30 December 2024, but the European Commission recently proposed to postpone the implementation. If the European Parliament and the Council agree to this postponement, the legislation will apply to large enterprises from 30 December 2025 onward, and to micro and small businesses from 30 June 2026 onward.
Nov 7, 2024
Bos naaldbomen van bovenaf gezien
Article Advisory
Cooling inflation gives hope for European M&A recovery in 2024
May 2, 2024
Neuseeland Gruppenreise Lake Wanaka
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