Results 1-20 of 20 for "cycle to work" speaker:Michael McGrath

Written Answers — Department of Finance: Tax Reliefs (18 Apr 2024)

Michael McGrath: I understand the Deputy’s office have confirmed that this Parliamentary Question relates the Cycle to Work Scheme and a proposal to expand the scheme to include a Bike-to-School provision. Section 118(5G) of the Taxes Consolidation Act 1997 (TCA) provides for the Cycle to Work Scheme. This scheme offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle...

Written Answers — Department of Finance: Active Travel (5 Mar 2024)

Michael McGrath: I propose to take Questions Nos. 225 and 226 together. Section 118(5G) of the Taxes Consolidation Act 1997 (TCA) provides for the Cycle to Work scheme. This scheme offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. Associated safety...

Written Answers — Department of Finance: Tax Rebates (14 Dec 2023)

Michael McGrath: Section 118(5G) of the Taxes Consolidation Act 1997 provides for the Cycle to Work scheme. This scheme, introduced in 2009, offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. The scheme operates on a self-administration basis. Relief is...

Written Answers — Department of Finance: Tax Reliefs (7 Nov 2023)

Michael McGrath: Section 118(5G) of the Taxes Consolidation Act 1997 (TCA) provides for the Cycle to Work scheme. This scheme offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. Associated safety equipment includes helmets, lights, bells, mirrors and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Michael McGrath: In response to amendment No. 3, I note that the cycle to work scheme provides that employees can avail of the scheme once in a four-year period, as Deputy Nash said. This period was reduced from five years by the Financial Provisions (Covid-19) (No. 2) Act 2020. The scheme covers the cost of a bicycle, locks, chains and other safety equipment to deter bicycle theft, though I note the figure...

Written Answers — Department of Finance: Tax Exemptions (5 Oct 2023)

Michael McGrath: Section 118(5G) of the Taxes Consolidation Act 1997 provides for the Cycle to Work scheme. This scheme offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. Associated safety equipment includes helmets, lights, bells, mirrors and locks but...

Written Answers — Department of Finance: Tax Reliefs (23 May 2023)

Michael McGrath: Section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the Cycle to Work scheme. This scheme was introduced in 2009 and provides an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and associated safety equipment for an employee. The scheme operates on a self-administration basis. Relief is automatically available provided the employer is...

Written Answers — Department of Finance: Departmental Schemes (18 May 2023)

Michael McGrath: Section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the ‘Cycle to Work’ scheme. This scheme provides an exemption from benefit-in-kind where an employer purchases a new bicycle for an employee or director up to certain limits, and subject to certain conditions being satisfied. Associated safety equipment may also be provided, which is subject to the...

Written Answers — Department of Finance: Transport Policy (22 Mar 2023)

Michael McGrath: I propose to take Questions Nos. 93 and 94 together. Section 118(5G) of the Taxes Consolidation Act 1997 (TCA 1997) provides for the Cycle to Work scheme. This scheme provides an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and associated safety equipment for an employee to use. There are three limits, depending on the type of bicycle purchased, which include...

Written Answers — Department of Public Expenditure and Reform: Energy Usage (26 Apr 2022)

Michael McGrath: ...that will be required in these projects will be to achieve a minimum BER B after the energy retrofit works are complete. In addition to its work on energy efficiency, the Department continues to participate in the state led schemes that assist in reducing Ireland's carbon footprint more generally. These include the cycle-to-work scheme, the travel-tax...

Written Answers — Department of Public Expenditure and Reform: Transport Policy (31 Mar 2022)

Michael McGrath: ...encourage sustainable and active commuting. My Department recognises the environmental, health and well-being, economic and social benefits of active travel. In this context, staff in my Department have access to the Cycle to Work Scheme operated by the Revenue Commissioners. In operation since 2009, the Cycle to Work Scheme is a tax incentive scheme that allows employers to purchase...

Written Answers — Department of Public Expenditure and Reform: Departmental Schemes (9 Nov 2021)

Michael McGrath: As the Deputy will be aware the Cycle to Work Scheme is a matter for my colleague the Minister for Finance. At the current time there is no basis to provide for e-scooters as a means of transport. My colleague the Minister for Transport is currently advancing the Road Traffic and Roads Bill which includes provision for measures to provide for the legal use of powered personal transporters,...

Written Answers — Department of Public Expenditure and Reform: Transport Policy (22 Apr 2021)

Michael McGrath: ...National Development Plan (NDP) 2018-2027. My Department recognises the environmental, health and well-being, economic and social benefits of active travel.  In this context, staff in my Department have access to the Cycle to Work Scheme operated by the Revenue Commissioners.  In operation since 2009, the Cycle to Work Scheme is a tax incentive scheme that allows employers to...

Written Answers — Department of Public Expenditure and Reform: Departmental Data (6 Oct 2020)

Michael McGrath: ...Stimulus Measures (€bn) €bn Tax Measures 0.32 Stay and Spend Initiative 0.14 VAT 0.16 Cycle-to-Work 0.002 Interest reduction on tax liabilities 0.02 Current Expenditure Measures ...

Written Answers — Department of Public Expenditure and Reform: Departmental Circulars (28 Jul 2020)

Michael McGrath: ...will also be aware that the Revenue Commissioners administer a tax relief scheme for employers to provide a bicycle to employees where the employee does not incur a tax cost for benefit in kind. The Cycle to Work Scheme operates by way of a salary sacrifice and may also be used towards the cost of an electric bike. Where an officer uses their own bicycle for official travel, they may...

Written Answers — Department of Finance: Cycle to Work Scheme Data (4 Dec 2014)

Michael McGrath: 80. To ask the Minister for Finance if his Department has conducted any further analysis on the costs and benefits of the cycle to work tax incentive; and if he will make a statement on the matter. [46723/14]

Written Answers — Department of Finance: Departmental Programmes (17 Jul 2014)

Michael McGrath: 139. To ask the Minister for Finance his views on allowing persons who purchased a bicycle under the cycle to work scheme but whose bicycle was subsequently stolen to purchase another bicycle under the scheme prior to the end of the five-year period that normally applies; and if he will make a statement on the matter. [32490/14]

Written Answers — Department of Finance: Cycle to Work Scheme Administration (27 Feb 2014)

Michael McGrath: 72. To ask the Minister for Finance if he will amend the terms of the cycle to work scheme to allow persons who availed of tax relief under the scheme to purchase a second bike within the permitted five year period if the original bike they purchased was stolen and they can verify this fact; and if he will make a statement on the matter. [10234/14]

Written Answers — Department of Finance: Cycle to Work Scheme Numbers (5 Dec 2013)

Michael McGrath: 75. To ask the Minister for Finance if he will set out in tabular form the number of participants who received tax relief and the annual cost under the cycle to work scheme in each year from 2007 to date in 2013; and if he will make a statement on the matter. [52422/13]

Written Answers — Tax Code: Tax Code (1 May 2012)

Michael McGrath: Question 186: To ask the Minister for Finance his views on the success of the cycle to work scheme since its inception; and if he will make a statement on the matter. [21606/12]