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Small Benefit Exemption for Directors

  • 11-12-2017 1:56pm
    #1
    manshay
    Registered Users, Registered Users 2 Posts: 220 ✭✭


    Can a director use the €500 small benefit exemption on all companies or is it a maximum of €500 per person per year?

    Companies are setup as follows:

    2 trading companies(paid via PAYE on both),
    which are in turn owned by a holding company.

    So can a director claim €500 from each company?

    Thanks


Comments

  • #2
    J.Ryan
    Registered Users, Registered Users 2 Posts: 474 ✭✭J.Ryan


    manshay wrote: »
    Can a director use the €500 small benefit exemption on all companies or is it a maximum of €500 per person per year?

    Companies are setup as follows:

    2 trading companies(paid via PAYE on both),
    which are in turn owned by a holding company.

    So can a director claim €500 from each company?

    Thanks

    Yes BUT, if the director is registered as self employed, (s)he has to declare it on their tax return as income.

    It should already be included as payments to that director on each companies tax return (CT1), so Revenue will pick it up very easily.


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