Hi all
I'm wondering what the opinion is regarding daily/overnight subsistence rates for company directors. Take, for example, a director who does all of their work away from their office/home. They would spend almost every working day away from their principal place of business.
Would they be due the subsistence rates? I've looked through Revenue's IT54 and I'm not seeing it addressed anywhere. I rang Revenue with the query and they said I'd have to put it in writing to an inspector. I wrote to an inspector and he sent me.... yes... the IT54.
I see this as a grey area. Some argue in favour of it, some against. I would be interested to know what others think..