Revenue have updated their Tax and Duty Manual Part 05-02-18 - Deduction for Expenses in Respect of Annual Membership Fees Paid to a Professional Body - to provide additional guidance on the issue of when an individual has incurred a professional membership fee wholly, exclusively and necessarily in the performance of the duties of his or her employment.
In addition, this Tax and Duty Manual includes two new paragraphs:
- 4.3. Where annual professional membership fees are commercially necessary
- 4.4. Indispensable condition of the tenure of employment.