Questions and Answers
Can company directors avail of the Small Benefit Scheme?
I am the director of a small company and giving my employees a voucher though the Small Benefit Scheme. Can I also avail of this scheme?
Proprietary Director
Salaried Director
Director who receives Directors’ Fees
Non-Exec Director who receives Dividend Income
Unpaid Directors
Frequently Asked Questions
Under the Small Benefit Scheme businesses can give employees up to €1000 a year completely tax-free. In Budget 2025 it was announced that the amount that can be given tax free under the Small Benefit Scheme will be increased to €1,500. It is not immediately apparent as to whether this new amount of €1,500 will come into effect before the end of 2024. More to follow.
No, this benefit must be in the form of a voucher which can only be redeemed in exchange for goods and services.
Yes, as long as they are in receipt of “Schedule E” income from their company on which income tax, PRSI and USC is being deducted.
No, because sole traders do not receive Schedule E income from their businesses. Employees of sole traders can avail of the scheme, however.
Date published 2 Oct 2024
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
Local business focus
We specialise in supporting independent businesses and work with 6,246 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
Come and meet us
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 23 locations, meet with us online through video call software, or talk to us by telephone.
Switching is simple
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.