Revenue Note for Guidance

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Revenue Note for Guidance

115 Fixed deduction for certain classes of persons

The Minister for Finance may set a fixed sum for expenses which represents a fair equivalent of the average amount for a year of assessment of expenses incurred by any class of person in receipt of salary, fees or emoluments payable out of the public revenue. The expenses must be wholly, exclusively and necessarily incurred in the performances of the duties in respect of which such salaries, fees or emoluments are paid. The fixed sum may be deducted from the salary, fees or emoluments of a person of that class for the purposes of computing the charge to tax. Where a person incurs expenses in excess of the sum fixed by the Minister, the larger amount may be deducted instead of the fixed sum.

Relevant Date: Finance Act 2021