Valuation of benefits

Small 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