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Business Services  |  Tax Savings
Me2You Gift Card

Tax Efficient

Save up to €1,313 per employee every year

Under the small benefit exemption scheme (BIK) employers can reward their staff with one-off, non-cash benefit per employee, per annum, up to the value of €1,000.  This does not apply to cash which is taxable in full.

Save up to €1,313 per employee

Benefit from the full range of savings under the governments’ small benefits exemption scheme when you gift an employee up to €1,000 per annum completely Tax Free!

A reward of €1000 net paid through

Payroll

Me2You
Income Tax at 40% € 833.33 –
USC at 8% + PRSI 4% € 250.00 –
Income Taxes paid by the employer € 1,383.33 –
Net Reward € 1,000.00 € 1,000.00
Employer PRSI at 11.05% € 250.00 –
Employer PRSI at 11.05% € 2,313.54 –
*Savings based on employer giving an employee €1,000 net on the higher tax bracket

Small Benefit Exemption Scheme

A quick guide on how to get the most from the scheme and save up to €1,313 per employee every year

Under the Small Benefit Exemption Scheme (BIK) employers can reward their staff with a one-off, non-cash benefit per employee, per annum, up to the value of €1,000.  This does not apply to cash which is taxable in full. To help you get the most from this scheme we have put together a quick guide for you.