You get prsi off also so it's 47% reduction. The carrot for your employer is they don't pay employers prsi on the cost of the ticket they deduct from your payroll. this is about 12-13%, which should cover the financial cost to the company.
What I've done is buy the ticket as an agent of the company, submit an expense claim to get the cost back. At this stage the company has bought the ticket. then sign a salary deduction form to get the cost deducted from your salary.
What your payroll people think doesn't matter, Revenue ses it's ok. if your payroll people under paid your paye, ther'd be no issue of them caring or paying. it would be between you and revenue.
This scheme is as far as I'm aware the only useful tax reduction scheme for paye employees with no strings attatched.
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