✨ Reminder to Irish businesses still availing of the Small Exemption Relief this Christmas that the gifting of vouchers (and other non-cash gifts) falls under 'reportable benefits' with Revenue. Key points to remember: - The Small Exemption Relief is max €1k for 2024 across 2 or more non-cash gifts, -The increase to €1,500 does not apply until 1 January 2025 (#budget25 announcement) - Gifts must not be redeemed / redeemable for cash - Small Exemption Benefit falls under 'reportable benefits' - Make sure you have the appropriate process in place to capture these. #taxexpert #taxationspecialist #tax #revenue #irishbusiness
CAS Advisory, Chartered Accountants’ Post
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