Revenue have issued a guide to the Small Benefit Exemption
- must be by gift card as in not cash or able to draw cash using the card
- only two can be issued in year
- maximum total €1,000
- no paye/prsi/usc
- sneaky bit you cannot issue a value card for say €500 AND tax it and then issue a further card(s) for €1,000 - the lot is disallowed (who thought this nonsense up?)
- from 1/1/2024 must be reported
- must be reported as part of enhanced reporting (i.e. when it is paid along with a number of others e.g T&S)
- must be by gift card as in not cash or able to draw cash using the card
- only two can be issued in year
- maximum total €1,000
- no paye/prsi/usc
- sneaky bit you cannot issue a value card for say €500 AND tax it and then issue a further card(s) for €1,000 - the lot is disallowed (who thought this nonsense up?)
- from 1/1/2024 must be reported
- must be reported as part of enhanced reporting (i.e. when it is paid along with a number of others e.g T&S)