Small Benefit Exemption

[Scouser]

Hi,

IS this payable once a year in the employees tax year or the companies tax year?

Thanks.

 

[deadlyduck]

You're referring to the €250 tax-exempt voucher benefit?

That is granted on a once off basis for the calendar year to an employee.
See here:
[broken link removed]

 

[Scouser]

Yes, thats it, thanks - wasn't sure if it was financial year or calender year.

 

[Irish Spirit]

be aware in order for this benefit to be allowed the whole bonus to the employee cant exceed €250. i.e if the employer wants to give the ee a €500 bonus they cannot give €250 in vouchers tax free while taxing the rest. if the RC find this they will deem the whole amount taxable.