QUIDs Shopping Vouchers
OVER €600,000 vouchers sold to date - Dec 2018
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 over 65 local business across Tullamore. This also includes locally-owned shops and businesses and national retailers like Tesco, Centra, Woodies, Argos and more.
No Fees or Commissions
There are no commissions, fees, no charges whatsoever to businesses purchasing or redeeming QUIDs.
Reward Your Staff with up-to €500 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.
To date, QUIDs to the value of over €600,000 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 up to a maximum of €500 per employee (since Oct 22, 2015) as one-off benefit in a tax year without incurring liability for Income Tax, USC or PRSI (Employers or employee).
The vouchers are available for sale to individuals from the Chamber office and to businesses from Tullamore Credit Union.
'A great alternative to cash when it comes to birthday and wedding gifts.”
Local employers have driven the success of QUIDs since their introduction in several years ago. We would hugely welcome your support for this scheme for this Christmas season. Company directors/small business owners – rewards yourself too!
Further details can be found on www.tullamorequids.com.
Revenue allows employers to give a tax free gift of vouchers up to the value of €500 per PAYE employee, per annum.
How Do I Accept QUIDs
- Participation is easy and, there are no commissions or charges.
- QUIDS are issued in €20 and €50 denominations.
- Accept QUIDS at the point of sale as you would cash or other forms of payment.
- Note however as QUIDS are not actually money, we ask that a QUID voucher be used completely in a sale transaction and change not be given out.
- QUIDS accepted by your business can be reimbursed at face value - no fees - as frequently as you wish.
Where to buy?
QUIDs are on general public sale from Lloyds Pharmacy, William St, Tullamore.
Businesses can purchase QUIDS from Tullamore Credit Union Tel. 057-9351780 or Tullamore Chamber of Commerce Tel. 057-9323698.
Any new outlets interested in accepting can also contact the Chamber office firstname.lastname@example.org