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Many (most?) gift vouchers are not a good idea due to the lack of consumer protection legislation attaching to them.Just to share a lesson learnt: Balloon Flight Vouchers in Ireland are not a good idea!
They are under absolutely no obligation to refund the unused vouchers in part or full. They are doing you a favour!The final straw came when I requested a refund for my voucher and they eventually agreed after some debate to pay back 75% of the voucher keeping a whopping €60 as a cancellation fee
I think these problems with the balloon flights was covered on Joe Duffy sometime in the past year.
Was there any sort of resolution, are was it the usual Joe Duffy? If you ever want a laugh download some of his podcasts.
To echo my earlier point - avoid hassle with vouchers from any goods/service providers (e.g. inability to replace lost vouchers, expiry dates etc. - where applicable) by not buying them in the first place. If you want to give a gift then just give cash and tell the recipient what to do with it. If you do insist on buying vouchers then read the T&Cs first and only buy them if the T&Cs suit you/the recipient.Many (most?) gift vouchers are not a good idea due to the lack of consumer protection legislation attaching to them.
I thought that small cash gifts/bonuses up to €250 were also exempt from tax/BIK?Unfortunately our stupid tax system incentivises employers to give staff vouchers in lieu of annual/Christmas bonuses (up to €250) that would otherwise be taxable.
Small benefits
Where an employer provides an employee with a small benefit (that is, a benefit with a value not exceeding €250 (€100 up to 31st December 2004), PAYE and PRSI need not be applied to that benefit. This treatment does not apply to cash payments, which are taxable in full. No more than one such benefit given to an employee in a tax year will qualify for such treatment. Where a benefit exceeds €250 in value the full value of the benefit is to be subjected to PAYE and PRSI.
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