Give the gift of choice and shop local with the Waterford Gift Voucher
The Waterford Gift Voucher is an ideal present for Christmas and best of all it supports local shops and businesses.
- The Voucher Scheme was launched in 2013 and is accepted in over 150 participating businesses (full list here)
- Vouchers are available in denominations of €10, €25 & €50
- Under the Revenue Commissioners approved ‘Small Benefit Exemption’ scheme, a company can award staff up to €500 as a once-off payment, tax- free
- For further information, please contact Waterford Chamber at 051 872639 or email info@waterfordchamber.ie
Where to purchase
- Businesses can order vouchers from Waterford Chamber – call 051 872639 or order online
- Members of the public can purchase vouchers in The Book Centre Waterford and Tramore Credit Union
Benefits to participating businesses
- Accepting vouchers encourages an uplift in sales
- Attract new customers and grow your customer base
- Your business will be associated with a positive local initiative that promotes the ‘shop local’ message and helps keep money in the local economy
- Your business will be included in the list of participating businesses
- Your business will be announced as a new participant on Waterford Chamber’s social media channels
If your business would like to accept Waterford Gift Vouchers, please complete the agreement form and send by post to Waterford Chamber, 2 George’s Street, Waterford. Alternatively, send a scanned copy by email to info@waterfordchamber.ie.
Tax-free bonuses for your employees
Do you pay your employees’ annual bonus through payroll? If the answer is yes, this is treated as taxable income. However, under the Revenue Commissioners’ approved ‘Small Benefit Exemption’ scheme, up to €500 (annually) of this could be paid in vouchers and therefore, be totally exempt from PAYE tax, USC and PRSI.
| Bonus paid through payroll | Bonus paid through Vouchers | ||
| 40% Tax Rate | 20% Tax Rate | ||
| Total cost to employer | €1,096.52 | €785.46 | €500.00 |
| Employer’s PRSI | €106.43 | €76.24 | – |
| Gross Pay | €990.09 | €709.22 | €500.00 |
| PAYE (40% / 20%) | €396.04 | €141.84 | – |
| USC (5.5%) | €54.45 | €39.01 | – |
| Employee PRSI (4%) | €39.60 | €28.37 | – |
| Net payment to employee | €500.00 | €500.00 | €500.00 |
Terms & Conditions
- Each voucher is valid for 12 months only from the date of issue.
- Waterford Chamber, Waterford City & County Council, and Waterford Business Group accept no responsibility for lost, stolen or damaged vouchers.
- Vouchers may not be exchanged for cash.
- Vouchers may be used for purchases at a higher value or payment of the difference.
- Purchases at a lower cost than the value will be dealt with by way of an in-house credit note for the balance.
- Any voucher that has been stolen, misprinted, mutilated or defaced in any manner shall not, at the sole discretion of Waterford Chamber, be refunded.
- Participating businesses reserve the right not to accept any vouchers that appear to have been tampered with in any way.
