Tax Free Benefit!

Where an employer provides an employee with a small benefit (i.e. a benefit with a value not exceeding €250) PAYE/PRSI/LEVIES need not be applied to that benefit.  The following conditions apply:

The average tax saving for a higher rate tax payer is €240 per annum and employers save PRSI too.   

Consider this before 31st December 2011.

Imelda Prendergast is Partner in OSK. Contact OSK Tax Advisor Dublin for all your tax and accounting services today.

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