Valuation of benefits
You can give employees a small benefit of up to €500 in value, tax free, each year. This benefit must not be in cash.
If more than one benefit is given in a year, only the first one qualifies for tax free status. Unused allowance amounts cannot be carried over.
Prior to 21 October 2015 the limit on small benefits was €250.
Tax free vouchers or benefits can be used only to purchase goods or services. They cannot be redeemed for cash.
Next: Goods and assets provided to employees