Did you know an employer can provide an employee/director with a non-cash bonus or benefit that is not applicable to PAYE/USC/PRSI? This benefit cannot exceed €500 in the year of payment. No more than one benefit can be given to an employee in a tax year, to qualify (i.e. you cannot make a payment of €200 in Jan and €300 in Dec – only one payment is covered). Where a benefit exceeds €500 then the full value of the benefit is subjected to PAYE/USC/PRSI.
Please note the scheme is limited to vouchers only.
If you have any queries please do not hesitate to contact one of our staff members on 07493-21420.
