QUIDs Shopping Vouchers
QUIDS SHOPPING VOUCHERS
What are QUIDs?
From grocery stores to fashion shops, hotels and restaurants, home heating fuel and to golf-clubs, QUIDs are shopping vouchers that can be spent in participating business across Tullamore. This also includes locally-owned shops and businesses and national retailers like Tesco, Centra, Woodies and more, see list on website and others may accept them as well, just ask.
Small Benefit Exemption Scheme
Under the Small Benefit Exemption Scheme, employers can give QUIDs in 1 or 2 gifts up to a maximum of €1000 per employee in total as one-off benefit in a tax year without incurring liability for Income Tax, USC or PRSI (Employers or employee). The Small Benefit Exemption Scheme is due to increase from January 1st, 2025 to €1,500 and can include up to 5 non cash benefits per year.
Local employers have driven the success of QUIDs since their introduction in several years ago. We would hugely welcome your support for this scheme. Company directors/small business owners – rewards yourself too!
No Fees or Commissions
There are no commissions, fees, no charges whatsoever to businesses purchasing or redeeming QUIDs.
Reward Your Staff with up-to €1500 Tax-Free in QUID shopping vouchers.
Introduced in 2008, by Tullamore Chamber of Commerce and Tullamore Credit Union the QUIDs scheme allows employers to exploit Revenue’s Small Benefit Exemption Scheme to reward their staff tax free.
OVER €150,000 vouchers sold in 2024, and from introduction to date, QUIDs to the value of over €1 million have been purchased by local employers to reward their staff, helping us to promote and protect local employment.
Small Benefit Exemption Scheme
Under the Small Benefit Exemption Scheme, employers can give QUIDs in 1 or 2 gifts up to a maximum of €1000 per employee in total as one-off benefit in a tax year without incurring liability for Income Tax, USC or PRSI (Employers or employee). The Small Benefit Exemption Scheme is due to increase from January 1st, 2025 to €1,500 and can include up to 5 non cash benefits per year.
Local employers have driven the success of QUIDs since their introduction in several years ago. We would hugely welcome your support for this scheme. Company directors/small business owners – rewards yourself too!
No Fees or Commissions
There are no commissions, fees, no charges whatsoever to businesses purchasing or redeeming QUIDs.
Reward Your Staff with up-to €1500 Tax-Free in QUID shopping vouchers.
Introduced in 2008, by Tullamore Chamber of Commerce and Tullamore Credit Union the QUIDs scheme allows employers to exploit Revenue’s Small Benefit Exemption Scheme to reward their staff tax free.
OVER €150,000 vouchers sold in 2024, and from introduction to date, QUIDs to the value of over €1 million have been purchased by local employers to reward their staff, helping us to promote and protect local employment.
Info for Retailers
If you do not currently accept QUIDs at your outlet, you may at any time. Please advise us so we can update our list of outlets and provide point-of-sale material to you.
Please make sure your staff are familiar with characteristics of the vouchers and are happy to accept them.Please note the following;
QUIDS may be presented in €5, €10, €20, €50 or €100 values, Please see the attached document for further details.
QUIDs are valid for 5 years from date of issue. Each QUID is stamped with an issue date.
In addition outlets should note the full value of a voucher does not have to be spent in a single transaction. The outlet must decide whether to give the balance due to the customer as cash change, a card refund or in a voucher of some other form.
An outlet can exchange any amount of QUIDS they have received in their business for a cheque to their business by presenting at the Tullamore Credit Union. It may be useful to have ID to avoid delays.