Updated Revenue Guidelines!

Guidance from Revenue on tax deduction for CPD

Revenue has issued further guidance on the tax treatment of Continuous Professional Development (CPD).  This follows publication of the Revenue guidance on the tax deductibility of general expenses incurred in the performance of the duties of employment, last month.

According to the Revenue guidance, generally, a distinction is made between expenditure incurred in the performance of duties of employment which is deductible, and expenditure incurred to put the taxpayer in a position to perform the duties which is not deductible. The guidance at Chapter 5 states that Revenue regard that courses relevant to the business of an employer are not regarded as a taxable benefit.

Guidelines for hospital doctors expense deductions

Revenue published a new manual outlining details of the types of expense payments made by consultants and non-consultant hospital doctors that are allowable tax deductions.   Such expenses may be covered by the flat rate expense regime.  Details are set out in the new manual.