(1) Section 112B of the Principal Act is amended, in subsection (1) -

(a) by the substitution of the following definition for the definition of "qualifying incentive":

" 'qualifying incentive' means a relevant incentive that is the first or the second relevant incentive given to an employee in a year of assessment where -

(a) in the case of a first relevant incentive, the value does not exceed €1,000, and

(b) in the case of a second relevant incentive, the cumulative value of the first and second relevant incentives does not exceed €1,000;",

(b) by the insertion of the following definition:

" 'relevant incentive' means either a voucher or a benefit that is given to an employee by his or her employer in a year of assessment where the following conditions are satisfied:

(a) the voucher or the benefit does not form part of a salary sacrifice arrangement;

(b) the voucher can only be used to purchase goods or services and cannot be redeemed, in full or in part, for cash;",

and

(c) in the definition of "salary sacrifice arrangement", by the substitution of "relevant incentive" for "qualifying incentive".