Small Benefits Exemption

Under the Taxes Consolidation Act 1997, one voucher per year up to the value of €500 can given to an employee by their employer tax free, provided certain conditions are satisfied. However, for the 2020 tax year the requirement that only one voucher can be issued is waived, where an employer wishes to recognise efforts of front-line or key staff working during the Covid-19 crisis. All other conditions of the section must be met, for example the maximum cumulative value may still not exceed €500.