Eason Gift Card Balance

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Tax-Free VouchersUnder Irish Revenue’s Small Benefits Exemption Scheme, employers can reward employees with a non-cash bonus of up to €500 in value completely tax free each year (the limit was increased from €250 in the Budget passed in Oct 2015). Provided certain guidelines are followed, neither the company nor the employee will pay PAYE, PRSI or USI, potentially saving €653.65 in tax (see table below).To qualify for the tax exemption, only one tax-free bonus may be paid to each employee in any one year. If more than one bonus is given in a year, it is only the first one that will qualify for tax-free status, even if this bonus is less than the €500 annual allowance - any used allowance cannot be carried over. The tax-free bonus must also be paid in non-cash form.AllGifts Vouchers are fully compliant with the Small Benefits Exemption Scheme. If you wish to spread out the benefit over the year, Allgo’s points incentive programme can be used to provide ongoing points, which at ...