Two Revenue eBriefs in the past 24 hours outline new income tax exemptions on travel expense payments to teachers who do State exam work, and non-executive directors who attend corporate board meetings.
Yet no such concessions are available to self-employed small business owners and entrepreneurs.
Instead, their travel expense claims are subject to a battery of arbitrary and complex restrictions – with no leeway and serious penalties for disallowed motor and subsistence costs.
In Ireland, it always pays to pursue a career in the public or corporate sectors.
Because, if you’re brave & independent enough to stand on your own two feet and run your own small business, you’ll be nailed to the wall at every turn.
Thomas McGibney & Company 