The principle established in this pathfinder case – that a retiring partner can make tax-efficient arrangements to exit the firm – will have implications for hundreds of partnerships around the country.
A major accountancy firm paid older partners to leave and clear the way for new talent. However, in a dispute that has implications for hundreds of other partnerships, Revenue is challenging the tax status of the payments. A High Court case looms.
Michael McAteer presided over the wreckage of the financial crash, steering brands from Eircom to The Sunday Business Post back from the precipice. He started as an office boy and worked his way up to become one of Ireland’s leading accountants and insolvency practitioners.
© 2026 Currency Media Limited
