Gift vouchers removed from the ceiling to boost the economy?

Orange with Media Services, published on Saturday November 28, 2020 at 11:47 am

Professionals propose to increase the exemption limit for gift vouchers from 171 to 500 euros, which would allow companies to allocate more to their employees.

After a month of forced closure to deal with the second wave of the Covid-19 epidemic, so-called “non-essential” shops reopened their doors this Saturday, November 28, four weeks before Christmas. Will this be enough to relaunch the activity? To support retail activity, thehe Ministry of the Economy plans to remove the limit on gift vouchers given to employees by social and economic committees (CSE).

“We are thinking about a way to sell these gift vouchers that companies can give to their employees” and which have not yet been used because of the crisis, said Friday, November 27 the Minister for SMEs at theAFP, confirming information from Echos. Mostly, Bercy would like them to “be able to benefit local shops, whereas they are mainly used in large retailers today”.

To distribute gift vouchers to their employees, companies place orders with specialist companies (Up, Sodexo, Edenred, etc.) which have established partnerships in advance with a number of brands. Employers who offer these checks benefit from an exemption from social charges of up to 171 euros per employee.

According to the CEO of the Up group, Youssef Achour, cited by Les Echos, the professionals, who were received this week by the Minister for SMEs Alain Griset, propose to increase this exemption ceiling to 500 euros, which would allow companies to allocate more gift certificates. No decision has been taken, we told Bercy.

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