Advantages of a Local Gift Card

  • Accepted in the majority of stores/ businesses throughout Drogheda Town & District.
  • Perfect gift for young and old, birthdays, raffle prizes, retirements and all occasions.
  • Love Drogheda Gift Cards are guaranteed to stay local supporting you and other local businesses.
  • You can spend the Love Drogheda Gift Cards in a variety of stores from clothing, hair salons, restaurants, cafes, car washes, boutiques, laundrettes, gift stores services and many more amenities.
  • Easy promotional tool for your business to illustrate your support of the local business community.
  • Drogheda Town Gift Cards encourage uplift in local sales that will retain local spending and support your local businesses!
  • For every €1 euro spent locally €4 is re-circulated into the local economy. ∙ Love Drogheda Gift Cards are aimed at promoting the collective good and illustrate the fantastic variety of businesses and retailers that we have in Drogheda.
  • The Drogheda Town Voucher will be promoted at all local events where possible.
  • This voucher has been developed to help support local businesses and thus requires the support of local business! If you are planning to give staff bonuses or buying presents for your family, then buy local and buy the Drogheda Town Voucher and help support Drogheda retailers to stay in business, grow and assist with revitalising our town.
  • Zero Commission to retailers €100 worth of Gift Cards costs €100 and by buying these Gift Cards you are helping to keep jobs in Drogheda and support local business and the community.

Benefits to Businesses

Employers save yourself 56% on rewarding your staff!

Would you like to reward your staff with a €500 tax free payment? The good news is that you are entitled to give one each and every year!

Under the Small Benefits Exemption Scheme, company directors and employees can receive a non-cash bonus of up to €500 in value on a completely tax free basis each year. As the payment must be in a non-cash form, the most common way to avail of this scheme is by purchasing Gift Cards. The Love Drogheda Gift Cards can assist you save money by taking advantage of the Government Small Benefit Exemption Scheme.

Employers can save 56% on staff rewards now by giving employees a Drogheda Town Voucher instead of cash.

WHAT ARE THE RULES?

The important conditions to be aware of are:

  • The gift voucher must be purchased from company funds e.g. from the company bank account or company credit card. The director or employee cannot purchase a voucher themselves and seek reimbursement from the company.
  • A voucher can be purchased for each individual only once per year, even if you do not take the full €500. For example, you cannot take a voucher of €150 earlier in the year and take a further €100 later in the year. The scheme allows for one voucher per year up to the value of €500. Therefore to maximise the tax relief available, you should take the full €500 voucher.
  • You can avail of the scheme once each year, so put a reminder in your calendar to make sure you don’t forget to claim next year too!

 

BONUS OF €500 PAID
THROUGH PAYROLL SYSTEM
  BONUS OF €500 PAID IN
SHOP LOCAL GIFT CARDS

Cash Per Employee

€500.00

Cash Per Employee

500.00

PAYE & USC (At higher rate)

€479.59

PAYE & USC (At higher rate)

NIL

Employee PRSI

€40.82

Employee PRSI

NIL

TOTAL GROSS PAY

€1020.41

TOTAL GROSS PAY

500.00

Employer's PRSI

€109.69

Employer's PRSI

NIL

TOTAL COST TO EMPLOYER

€1130.10

TOTAL COST TO EMPLOYER

500.00

Net Benefit to Employee

€500.00

Net Benefit to Employee

500.00

The gift voucher is also a fully deductible business expense for your company.

If you haven’t availed of the Small Benefit Exemption Scheme so far in 2020, make sure you do so before 31 December and use the Love Drogheda Gift Cards for this.

The Drogheda Town Gift Cards are available to order directly from our website and via calling our office team on 0872402767 or trevor@lovedrogheda.ie for corporate orders.