Revenue eBrief No. 038/25
12 February 2025
Small Benefit Exemption
Tax and Duty Manual Part 05-01-01e - Chapter 5 - The Small Benefit Exemption (SBE) - has been updated to reflect the Finance Act 2024 amendment to section 112B of the Taxes Consolidation Act 1997:
- Paragraph 2 has been updated to reflect that, with effect from 1 January 2025, an employer may provide up to five relevant incentives to an employee in a year of assessment. This is subject to a cumulative annual limit of €1,500.
- A new paragraph 2.1 had been included in the manual to outline the limits pertaining to the number and value of incentives for each year since the introduction of the exemption.
- The examples provided in paragraph 5 have been refreshed with some new examples added.