BrightPay Blog


Oct 2014

12

Irish Employers Save 57% on Staff Rewards this Christmas!

Employers can save up to 57% on staff rewards by taking advantage of the Government Small Benefits Exemption Scheme.

To qualify for the tax exemption only one non cash bonus to a maximum of €250 may be paid to each employee in any tax year. It is often called the Christmas bonus scheme due to the fact that it is usually paid at Christmas time. Employers should be warned that if the value of the non cash benefit exceeds the limit of €250 then the full value of the benefit will be subject to PAYE, PRSI and USC.

Posted byBrian O'KeeffeinPayroll Software