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What Qualifies As A Small Benefit As Per Revenue?
What Qualifies As A Small Benefit As Per Revenue?
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Guest
Guest
Sep 23, 2025
3:12 AM
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The Small Benefit Exemption Scheme allows employers to offer certain non-cash benefits to employees without tax implications. But what exactly qualifies under this scheme?
Items such as vouchers, gifts, or tickets can fall into this category. The key is that the total value must not exceed €1,000 in a tax year.
Revenue stipulates that these benefits should be provided infrequently. Regular offerings may lead to them being classified as part of an employee’s salary, which changes the tax situation entirely.
Additionally, the benefit must not be convertible to cash. This ensures that it remains a genuine perk rather than simply another wage component.
Employers need to keep receipts and proper records for compliance with Irish Revenue guidelines. This transparency helps avoid any potential pitfalls during audits or reviews.
For more Details to know, Visit us:- https://mmadvisors.ie/how-to-use-the-small-benefit-exemption-scheme-for-your-business/
Money Maximising Advisors Limited (https://mmadvisors.ie/)
Call: 353 91 393 125
Email: office@mmadvisors.ie
Address: Unit 3, Office 6, Liosban Business Park, Tuam Rd, Galway, Ireland
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