T McGibney
Registered User
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My point is that it would be better to allow them give ex-gratia lump sums of the same value. No added incentive for shops and middlemen to jack up their prices in anticipation.
My point is that it would be better to allow them give ex-gratia lump sums of the same value. No added incentive for shops and middlemen to jack up their prices in anticipation.Also a cost of living crises. It's a good way of employers being able to give their employees an additional €500 tax free. Keep them for asking for a 10% pay rise...for a while...
Is that two vouchers of €1,000 or two vouchers to a total of €1,000?Small Benefit Exemption
The Small Benefit Exemption allows an employer to provide limited non-cash benefits or rewards to their workers without the payment of income tax, PRSI and USC.
I am increasing the annual limit provided for in the exemption from €500 to €1,000 and will also permit two vouchers to be granted by an employer in a single year under this exemption.
I propose that these changes will apply in the current tax year, so that additional benefits can be paid this year if an employer wishes to do so.
When I heard this in the budget I took it as 2 x €1000 vouchers.....Is that two vouchers of €1,000 or two vouchers to a total of €1,000?
I am increasing the annual limit provided for in the exemption from €500 to €1,000 and will also permit two vouchers to be granted by an employer in a single year under this exemption.
I would say no, it would be 2 vouchers totalling €1,000.I had assumed that it was €1,000
But the two vouchers is confusing. Could an employer not give out 5 vouchers of €200 each?
Dunnes Stores better value beats them allStupid move.
The country is already awash with unused (and increasingly unuseable) One4All vouchers.
Yes. In a previous life I used to get €500 Dunnes Stores vouchers.This means (to me at least) that you could get a voucher for a particular shop rather than a One4All or similar. Would that be correct?
I don't think that the weather has any bearing on this scheme. But you seem to be saying that it's unfair because some employers will give it and others won't? Similar to how some employers offer better pay and/or conditions than others? Do you think that employers should be obliged to give everybody €1k (or 2 x €500) vouchers to every employee?Always felt this is an unfair benefit. It's really just up to how willing your employer is to organise as to weather you get now up to about €500 extra tax savings.
I can understand its origin. Employer giving a small gift or voucher at Christmas and tax not due.
But now it's just an efficient way of tax avoidance. But weather you get it or not is up to employer
I don't think that the weather has any bearing on this scheme. But you seem to be saying that it's unfair because some employers will give it and others won't? Similar to how some employers offer better pay and/or conditions than others? Do you think that employers should be obliged to give everybody €1k (or 2 x €500) vouchers to every employee?
I used to get a Perx card and, to be honest, it was more hassle than it was worth. I think I donated it to charity a couple of times because I found the whole thing too confusing. Maybe they're easier to use these days...A lot of people don't realise that a preloaded Mastercard is also an option here. We use https://www.allgo.ie and my wife and I get a 500 euro card each every year from our own company
Its a lot easier. We just buy 2 preloaded Mastercards from Allgo (pay via bank transfer) and you're set. They're mastercards so you can buy anything with them.I used to get a Perx card and, to be honest, it was more hassle than it was worth. I think I donated it to charity a couple of times because I found the whole thing too confusing. Maybe they're easier to use these days...
a perx is a prepaid credit card, we gave them out for years, what was confusing about them?I used to get a Perx card and, to be honest, it was more hassle than it was worth. I think I donated it to charity a couple of times because I found the whole thing too confusing. Maybe they're easier to use these days...
This scheme is many things:
- A way to be able to incentivise staff with bonuses that don't get chopped in half by tax
- Even if they were tax free workers still feel that a €1,000 voucher in the hand is more than €1,000 in the bank account so you get happier staff for the same spend if you are an employer
- A way to stimulate the domestic retail sector (vouchers can't be saved like cash can)
- A way to support retailers and vouchers industry (the dirty secret is that a large minority of vouchers by value are never, ever cashed in)
Also Woodies, B&Q, handy for househouse stuff and even a gas cylinder refillI hate the One4All vouchers but they're easily used in Supervalue & Tesco so no excuse for not being able to use them. I use any I ever get in Tesco.
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