Friday December 6, 2019

Taxman must come to his senses over expenses

Comment The tax treatment of expenses should not hinder growth

30th August, 2015
The Department of Finance issued a public consultation earlier this summer

Albert Einstein once said, when asked about completing his tax return: “This is a question too difficult for a mathematician. It should be asked of a philosopher.”

While not quite as complex as the theory of relativity, there has been a certain amount of confusion among businesses and tax professionals in the past year in the area of expenses.

In July 2014, the Revenue issued its view on the tax treatment of travel...

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