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Salary Other Than Cash....

  • 05-01-2012 3:53am
    #1
    Agent Smith
    Moderators, Regional East Moderators Posts: 21,504 Mod ✭✭✭✭


    Ok, Just wondering.


    If i was to work for a company, and rather Than get paid in cash, I was to request Vouchers. (say, for example, One4all Vouchers). whats the story with Income tax? Would i pay any? Would it be of any benefit to the Company to do so?


Comments

  • #2
    EmatoelDiablo
    Closed Accounts Posts: 338 ✭✭EmatoelDiablo


    Agent Smith wrote: »
    Ok, Just wondering.


    If i was to work for a company, and rather then get paid in cash, I was to request Vouchers. (say, for example, One4all Vouchers). whats the story with Income tax? Would i pay any? Would it be of any benefit to the Company to do so?

    Than....


  • #3
    Agent Smith
    Moderators, Regional East Moderators Posts: 21,504 Mod ✭✭✭✭Agent Smith


    EmatoelDiablo wrote: »
    Than....

    Thank you for that.


  • #4
    dudara
    Registered Users, Registered Users 2 Posts: 33,518 ✭✭✭✭dudara


    EmatoelDiablo - Please don't post unless you have something to add to the discussion.


  • #5
    seamus
    Registered Users, Registered Users 2 Posts: 68,317 ✭✭✭✭seamus


    The vouchers would be subject to standard PAYE and PRSI at the standard rate.

    At best, the first single payment of €250 in a given year could be declared as a tax-free gift, but everything else is subject to PAYE.

    There is no benefit to the employer for doing this except for a minimal saving of employer's PRSI on that €250. The hassle of getting vouchers would offset that in a week or two.

    Edit: That is of course assuming you're PAYE. If you're providing a B2B service to the company, then everything is subject to income tax.


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