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Who should pay the membership fees?

  • 29-09-2016 4:57pm
    #1
    Sunny Dayz
    Registered Users, Registered Users 2 Posts: 5,517 ✭✭✭


    I've paid my own ACA membership fees since I qualified a few years ago. But someone mentioned to me does my work not pay for them? I work in practice btw. So am I a mug paying for it myself and should my employer be paying for it for me?


Comments

  • #2
    billcullen1
    Registered Users, Registered Users 2 Posts: 265 ✭✭billcullen1


    Sunny Dayz wrote: »
    I've paid my own ACA membership fees since I qualified a few years ago. But someone mentioned to me does my work not pay for them? I work in practice btw. So am I a mug paying for it myself and should my employer be paying for it for me?

    Your employer should pay it on your behalf, does he pay for CPD requirements ?


  • #3
    Sunny Dayz
    Registered Users, Registered Users 2 Posts: 5,517 ✭✭✭Sunny Dayz


    billcullen1 wrote: »
    Your employer should pay it on your behalf, does he pay for CPD requirements ?
    He pays for some of my CPD, courses that we go on together or ones he sends me on. I make up the rest of my CPD hours with online CPD, it's handier to manage with family life instead of a half day course taking up a full day when you include travelling.


  • #4
    goingagain
    Registered Users, Registered Users 2 Posts: 53 ✭✭goingagain


    Really it depends what arrangement you make with your employer. I have always had them paid as part of my salary package


  • #5
    Sunny Dayz
    Registered Users, Registered Users 2 Posts: 5,517 ✭✭✭Sunny Dayz


    Yeah it's not in my contract of employment or my salary package. If he does pay my subs next year, do I repay it through the payroll each month. Or does it go through as BIK?


  • #6
    gerrykeegan
    Registered Users, Registered Users 2 Posts: 79 ✭✭gerrykeegan


    Sunny Dayz wrote:
    Yeah it's not in my contract of employment or my salary package. If he does pay my subs next year, do I repay it through the payroll each month. Or does it go through as BIK?


    BIK


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  • #7
    nompere
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭nompere


    gerrykeegan wrote: »
    BIK

    Probably not.

    THe OP says he's an ACA working in practice. This is what Reveue say about professional subscriptiions paid by an employer:

    Professional subscriptions
    If your employer pays a subscription to a professional body on your behalf, or reimburses you if you have paid a subscription, a taxable benefit will not arise if membership of that professional body is relevant to the business of your employer, i.e. directly related to the duties of your office/employment.

    Where membership of a professional body cannot be so regarded as relevant to the business of your employer, any subscription paid directly or indirectly by your employer, will be regarded as a taxable benefit.

    For more details see: eBrief No. 19 of 2011

    http://www.revenue.ie/en/tax/it/leaflets/it20a.html


  • #8
    silent_spark
    Registered Users, Registered Users 2 Posts: 461 ✭✭silent_spark


    Yes, what the above poster said. Not BIK.


  • #9
    gerrykeegan
    Registered Users, Registered Users 2 Posts: 79 ✭✭gerrykeegan


    membership of the professional body is an indispensable condition of the tenure of the employment.

    This is key. If the individual is just carrying out routine audits then it will fail under this test.


  • #10
    maximum12
    Closed Accounts Posts: 666 ✭✭✭maximum12


    gerrykeegan wrote: »
    This is key. If the individual is just carrying out routine audits then it will fail under this test.

    I'd disagree. If the qualification is a pre-requisite for the position of employment then it's not BIK. Most audits could be described as "routine". It doesn't imply some lower level of professionalism.


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