Small Gift Exemption change for 2025 ?

Small Gift Exemption for 2025

From 1 January 2025, employers can now provide up to five qualifying incentives to an
employee in any tax year, with a total annual value not exceeding €1,500.

Note the following important points to watch out for on same:

1. The voucher or benefit received cannot be redeemed by cash
2. The voucher or benefit has to be reported to revenue in real time before the benefit it given
3. It applies to all benefits given to employee no matter how small or insignificant including for example giving an easter egg or taking a employee out for a coffee or lunch.

So the takeaway from this is to ensure all benefits no matter how small are reviewed to ensure it is properly reported to revenue or otherwise the benefit of exemption could be lost to the employee.

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie