The ShopLK Gift Card qualifies for the Government's Benefit in Kind tax exemption, allowing businesses to reward their staff up to €500 each free of tax, USC or PRSI. Businesses can save up to €653.65 per employee when rewarding their staff with ShopLK Gift Cards as an annual reward.
Under the Government’s Small Benefits tax exemption policy, businesses can reward their staff up to €500 once per year completely free of tax, PRSI and USC. With ShopLK Gift Card Rewards, you can offer your staff tax free gifts on an ongoing or annual basis, saving up to €653.65 per employee.
Rewarding your staff with ShopLK Gift Cards is simple, convenient and cost-efficient.
To place a corporate order email firstname.lastname@example.org or call 0749124866
How the small benefit exemption works
Though it is easy to take advantage of the Small Benefits exemption to reward your staff, please bear the following in mind:
The exemption can only be used once per year, and cannot be stacked. For example, if you give a €350 gift card in the middle of the year, this will qualify for the Small Benefits exemption. However, if you subsequently give a gift card worth €150 later in the same year, this will not qualify and you will need to pay tax, USC and PRSI on the gift.
Gift Card research has found that a gift that is meaningful to the employee is 2.5 times more important than the cash value of that gift. By rewarding your staff with ShopLK Gift Cards you can give your employees the opportunity to choose a gift that they will remember, making it all the more valuable as a staff reward and it will also benefit the local economy.