The Institute along with ten other professional bodies recently published a 76-page report titled Building Ireland’s Future – The Role of the Professions.

The report features newly commissioned research from the professional bodies that demonstrates the very strong sentiment among multinational companies towards professional qualifications and standards.

A survey of senior executives at 50 multinational companies in Ireland, undertaken by Behaviour & Attitudes from 26 April to 9 May 2018, found that professional skills and expertise were the single most important factor when choosing a professional service provider in Ireland, on an entirely unprompted basis.

In light of the hugely important role played by professional bodies and their members, the report highlights the need to review the tax treatment of professional subscriptions as provided for under the Taxes Consolidation Act 1997.

It has been submitted to the Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, and the professional bodies will be jointly engaging with Government, members of the Oireachtas and other relevant stakeholders on this issue in the coming weeks and months.