Sounds a bit unfair to me. Is there some tax offset/deduction that means directors don't need the PAYE credit? Why would directors be treated differently to any other PAYE worker?
Because our civil servants, media and political establishment tend to think of Arthur Daley and Delboy Trotter when they think of company directors. I'm not joking...
. Just pay yourself the €1,760 as a subsistence payment (on a monthly basis) which is tax free.
You can claim €144.45 per night as a legitimate expense for an overnight stay, €43.15 fo a 10 hour rate and €17.60 for a 5 hr rate. All of this can be claimed without receipts once a record is kept. It, along with mileage is a very easy way of taking money tax free from one's company whilst avoiding lining the pockets of our wonderful government. As a contractor, I imagine Trigger would be out on the road a lot and therefore be able to claim these expenses very easily. I do it myself and take great pleasure in the fact that I only contribute to my own pension rather than the inefficient and lazy public sectors pension fund!
However, I don't think we are allowed to offer this type of valuable advice on AAM. I could be wrong though.
our civil servants, media and political establishment tend to think of Arthur Daley and Delboy Trotter when they think of company directors.
What support? I would say no support. In fact I would say that the government hinders enterprise.and get very little support by the government.
Ubiquitous, I'd like to point out that as a company director of a company started up in the past 5 years...
If you are on the road, the expense allowances are good, but you won't get rich on them, not unless you have free accommodation. You will do well to make a profit from €144 for a hotel room, dinner, breakfast and lunch for any 24-hour period.
However that does not alter the fact that if the Revenue subject you and your company to audit and they take issue with the validity or otherwise of expenses & allowances you have claimed, they will have no hesitation in disallowing same, charging you the tax,
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