Hello and thank you for using Just Answer,If you looked at the Ireland tax site you may have found the following:
The general rule is that you cannot claim for any private expenses i.e.
Ireland does allow for expenses that are directly related to the business which you have incurred in order to earn your profits. These expenses are normally referred to as revenue expenditure.
Any online fees that are directly related to the business (costs to have the site or access the net) would be allowed. I have to check just a little more on the deduction for on-line courses.
There is a tax relief available in respect of fees paid by an individual for certain training courses in foreign language and information technology.
To qualify for relief, the course must:
You could use the expense if it meets the requirements. If it does not then you would not be allowe dthe cost.
The other items are allowable as a direct revenue expenditure.
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Hi Robin. I am not entirely happy with your answer. I am aware and studied the information on Revenue.ie regarding allowed business expenses and researched a bit on the web and could not find the answers to my question, that's why I am asking very specifically about these two expenses:
1. online courses/education materails covering skills necessary to provide my services as a business
2. promotional gifts/rewards offered to customers for marketing purposes
I simply need a yes/no answer to the above.
The #2 expense I thought I had been clear about. Those for marketing are most certainly allowed. That is an expense that is acceptable.
Thanks... understood. What about the 1st expense? Let's say I need a course offered online to learn a new skill in web design to offer a new service to my customers. Is this a business expense or not? Thanks
Not as a course under the regular allowance but if this is a subscription to your business (not to you personally) and it offers a service to your business (not just a course for you personally) then you could use it as a direct business expense. It would need to be clearly shown that your business is paying for a service form the other business.
Thank you Robin. That makes it clear. I am happy with these answers. Have a good day.
You are most welcome