Financial Resolution No. 26 relates to section 118(5E) of the Taxes Consolidation Act 1997 which provides for an exemption from benefit-in-kind charge where an employer meets the cost of professional fees or subscriptions on behalf of an employee or a director where the membership is relevant to the employment. This exemption is being removed with effect from 1 January 2011. In future, when an employer pays such fees the amount will be treated as a notional pay and PAYE and PRSI shall be deducted accordingly. Details will be published in the finance Bill.

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