Measures not announced on Budget Day:
- The Bill provides for an exemption for employees from USC on employer contributions to a PRSA, to bring the USC treatment of such contributions in line with employer contributions to occupational pension schemes.
- Small Benefits: under the existing Benefit-in-Kind arrangements, an employer can provide an employee with a single non-cash benefit without applying PAYE, PRSI, etc. to that benefit. No more than one such benefit given to an employee in a tax year qualifies for such treatment. The maximum value for this benefit is being increased from €250 to €500. Where a benefit exceeds this maximum then the full value is taxable.
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