All professional accountants, at least in times past, crossed the threshold from trainee to fully qualified status with a granite-like conviction that the award given by their accounting firm as a token of esteem for having passed the final exams was not taxable. This week, significant doubt has been cast over that view by a Tax Appeals Commission decision. The Appellant employer, a large accounting firm, had an arrangement in place, common in the sector, that its employees passing the final exams of the Institute of Chartered Accountants or the Irish Taxation Institute at their first attempt received a Final…

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