Taxation of employer benefits
Taxable employer benefits
The following benefits provided by your employer are taxable:
- accommodation that is free or subsidised where the job does not require you to live in the accommodation (see Free or subsidised accommodation)
- awards made to you due to staff suggestion schemes
- charge cards: private use of a company charge card by you
- childcare facilities:
- provided by the employer that are free or subsidised
- or
- provided by independent facility, where the employer pays for or subsidises the cost.
- company cars for private use
- company vans for private use
- discounts for you where the goods are sold at below the employer's cost
- employer contributions to an employee's Personal Retirement Savings Account (PRSA), subject to relief up to certain limits depending on the age of the employee and the amount of the contribution- this is no longer a taxable benefit from 1 January 2023
- exceptional performance awards, whether in the form of cash, vouchers or gifts (unless the small benefit exemption applies)
- loans where no interest is charged or the rate of interest is ‘preferential’ (see Benefit of preferential loans)
- meal vouchers (disregarding 19 cent per voucher)
- medical insurance premiums
- shares in a company that are given by the company to you free of charge or at a discounted price
- sports and recreation facilities:
- provided by the employer but not to all staff, and you avail of the facilities
- or
- where the employer pays subscription fees to other facilities for certain employees
- subscriptions to a professional body where membership of the body is not a requirement of the job.
Next: Non-taxable employer benefits