Loading...

SMALL BENEFITS RELIEF INCREASED TO €500

The Minister for Finance yesterday confirmed that the Government's Small Benefits relief - the Benefit In Kind allowance - will be increased from €250 to €500 in time for Christmas 2015. It's great news for businesses nationwide, who can now reward their employees up to €500 in non-cash benefits completely free of Tax, USC or PRSI.

The Minister commented on the news: "For the second budget in a row, every worker and pensioner who pays income tax and or USC will benefit from the changes announced in Budget 2016."

For more information, click here.

GVS Gift Voucher Shop DAC. Trading as The Gift Voucher Shop, Registered in Ireland No. 348932. Registered Office: One4all Unit 2, Swords Business Park, Swords, Dublin, K67 Px82, Ireland. © 2020 The Gift Voucher Shop