Budget 2018 was announced by Minister for Finance, Paschal Donohue, on 10th October 2017.
Finance Bill 2015 - Income Tax Exemption in Respect of Certain Expense Payments for Relevant Directors
Following the publication of the Finance Bill 2015 on 22nd October, the IoD made a submission to the Department of Finance, finance spokespersons, and members of the Select sub-Committee on Finance, regarding the provision for income tax exemption on travel expenses for non-resident non-executive directors in respect of attendance at board meetings. This submission follows on from the IoD’s participation in a consultation process with the Department of Finance relating to travel expenses in August 2015.
Budget 2016 was announced by Minister for Finance, Michael Noonan, and Minister for Public Expenditure and Reform, Brendan Howlin, on 13th October 2015. The Budget package of €1.5bn of tax cuts and increased spending included a range of measures of interest to businesses in Ireland.
The Irish Tax Institute has published a tax guide to Budget 2016, outlining a number of possible tax changes that may be included in Budget 2016.
Revenue eBrief No. 61/14 - Expenses of travel - Non-executive directors attending board meetings – details Revenue’s position in relation to the tax treatment of expenses of travel and subsistence incurred by non-executive directors in attending board meetings.