Employment taxes have become more complex and burdensome in recent times mainly due to Revenue changes in the tax treatment of Benefits-in-Kind (“BIK”). However there are some Revenue concessions available which can enable tax savings for both the employee and the employer.

The Small Benefit Exemption (“SBE”) was previously a Revenue concession in respect of small gifts/awards provided to employees by employers. The 2016 Finance Bill brought this concession into legislation and increased the benefit from €250 to €500.

For more information on the benefits for employees and employers download the Benefits in kind: Small Benefit Exemption guide.