One4All gift cards now tax free to the value of €500 per employee
Now employers can give multiple gift cards to frontline staff working during the COVID-19 crisis
14 July 2020 | 0
Under the government’s Small Benefit in Kind exemption, One4all gift cards up to the value of €500 per employee are completely free of tax, PRSI and USC.
Traditionally, employers could give only one gift card per year to an employee, tax free. The Irish government has, however, changed this rule for the 2020 tax year to let employers give multiple gift cards to frontline or other key staff working during the COVID-19 crisis. The exemption only applies to employees who continued to work during the restricted period.
“We all know how challenging it’s been for businesses and their employees for the last several months,” began a statement from One4All. “As life starts to return to normal, a One4all Gift Card is a great way to thank your team for all their hard work during this difficult time.
“Thanks to our corporate order service, you can place your order in your local post office for delivery to your business, making it easier than ever before.”
Visit your local post office for more information or to order your One4all Thank You Gift Cards completely tax-free.