TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Updated Revenue guidance – tax exemption on expenses for Irish resident non-executive directors

Revenue has updated its guidance for the change brought in by Finance Act 2016 which allows certain Irish resident non-executive directors to receive certain travel and subsistence expenses free from tax from 1 January 2017.

Where an Irish resident non-executive director receives a payment from a company for travel and subsistence expenses incurred for the purposes of attending a company meeting in Ireland, these expenses can be reimbursed tax free. Normal civil servant subsistence and mileage rates (recently improved) apply.

The updated guidance can be found in the Tax and Duty manual and Revenue eBrief No. 43/17 provides details.