You can give employees a small benefit of up to €500 in value, tax free each year. This benefit must not be in cash.
If more than one benefit is given in a year, only the first one qualifies for tax free status. Unused allowance amounts cannot be carried over.
Tax free vouchers or benefits can be used only to purchase goods or services, they cannot be redeemed for cash.
As the vouchers are free off tax, PRSI & USC there is no need to process them through payroll.