Revenue eBrief No. 08/16

19 January 2016

Exemption in respect of certain expense payments for relevant directors

Section 6 of Finance Act 2015 inserted a new section - section 195B - into the Taxes Consolidation Act 1997. Section 195B provides an exemption from income tax of certain vouched expenses of travel and subsistence of a non-resident non-executive director of a company. Tax and Duty Manual Part 07-01-36 summarises the extent of the exemption.