Expenses of travel - Non-executive directors attending board meetings

Revenue has updated Part 05-02-19 of the Income Tax, Capital Gains Tax and Corporation Tax manual on the Revenue website to:

1. set out the position in relation to the tax treatment of expenses of travel and subsistence incurred by non-executive directors in attending board meetings,
2. confirm that, generally speaking, no deduction is due to a non-executive director in respect of such expenses, and
3. confirm that where such expenses are met by a company on a director's behalf or are reimbursed to him, PAYE/USC must be deducted.

22 July 2014