Employers Tip December 2014 – Avail of the ‘Small Benefit Exemption’ to reward your employees with up to €250 TAX FREE payment, the Perfect gift card is the ideal gift voucher to use for your employees as it is valid anywhere MasterCard is accepted. With over 32 million locations on-line and in store, the PaycheckPlus PerfectCard makes the perfect gift for your employees this Christmas!
We bring you the “PaycheckPlus Perfect Card” which is a prepaid MasterCard. The incentive/gift card can be spent anywhere MasterCard is accepted – 32 million locations. Our gift cards are a very popular choice as the user has the freedom to spend their voucher anywhere they like, unlike other cards on the market that are limited to certain stores.
PaycheckPlus Perfect Card Information:
•It is a prepaid MasterCard so can be used at 32 million locations worldwide.
•Can be used on-line and in store.
•Secure on-line management with live transaction history and balance.
•Euro or Sterling can be loaded on the card.
•No commission fees.
•100% Revenue approved.
Under the Revenue Commissioners’ approved ‘Small Benefit Exemption’ scheme, employers can provide employees with a gift card or voucher up to the value of €250 as a once-off benefit during the tax year which is not subject to PAYE, USC or employee & employer PRSI. The €250 gift card or voucher is tax free even if the employee is receiving other taxable BIK.
I hope this is of interest and that we can be of service to you. If you have any questions please don’t hesitate to call us on +353 (0)41 686 3000 or e-mail PayrollTeam@paycheckplus.ie