In January 2021 Business Cork will be launching its new initiative Cork Gift Cards which is a service for the promotion and selling of gift cards from Cork businesses to the corporate and other sectors so that they can avail of the Revenue Commissioners Small Business Exemption Scheme for employees. This is where a small benefit of up to €500 in value can be availed of tax free each year for employees. This benefit must not be in cash and is ideally suited to Gift Cards. Cork Gift Cards will be an outsourced provider to Cork businesses and we believe that over €2.5m per year can be generated for Cork businesses through this new initiative.