Employers can provide employees with a benefit tax free to a maximum of €250 once in a tax year.

    The small benefit exemption must be in non-cash form, such as a voucher or hamper.  PAYE, PRSI and levy need not be applied to this benefit.    This exemption does not apply to a cumulative number of gifts but to one gift only.  The employer is exempt from paying Employers PRSI on the benefit and the cost can be included in the company accounts.  So treat your employees this Christmas TAX FREE!  Enjoy this special gift!

    Topics: Blog, Tip of the Month