PCard Excluded Purchase: Gift Cards

in Uncategorized
November 20th, 2012

Gift cards, prizes, or awards may be reported as taxable compensation and subject to appropriate federal, state, and employment tax withholding. Since the use of gift cards requires special approvals in advance and is subject to detailed recordkeeping, the PCard should not be used to purchase gift cards. In unusual and extenuating circumstances, gift cards may be purchased using the PCard with prior written approval from the Comptroller.

Please contact Shirley Hood (617-358-3234) or Stephen Mulrean (617-358-5248) with any questions.