It’s that time of the year where Employers consider giving a bonus to their Employees. It makes sense therefore to avail of the Small Benefits Exemption. By using this you can make a tax free payment or bonus to your Employee. This effectively means that an employer can provide an employee with one tax free benefit in 2012 of no more than €250. The benefit cannot be cash though and has to be through a voucher or a hamper. You do not pay PAYE or PRSI on the benefit. Every little helps!

Healy O’Connor Solicitors Cork and Dublin