Results 1-20 of 27 for "cycle to work" speaker:Michael Noonan

Written Answers — Department of Finance: Tax Rebates (25 May 2017)

Michael Noonan: ...of more sustainable and environmentally friendly transport options the Deputy may wish to note that persons commuting to work can already avail of the TaxSaver scheme in respect of public transport and the cycle to work scheme. Given the information provided by the Deputy, and on the assumption that he is proposing a rebate of income tax paid, it is not possible to provide a cost...

Written Answers — Department of Finance: Road Tolls (2 May 2017)

Michael Noonan: ...of more sustainable and environmentally friendly transport options the Deputy may wish to note that persons commuting to work can already avail of the TaxSaver scheme in respect of public transport and the cycle to work scheme. While I appreciate that some people are using cars to travel long distances to their principal place of employment, ultimately it is a matter for...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Michael Noonan: ...an extension on the lines proposed by the Deputy and I am not disposed to accept this amendment. However, I would point out that people should be aware that the travel pass taxsaver scheme and the cycle-to-work scheme are not mutually exclusive. While this option would not be suitable for all, it may be of practical value to some commuters. The departmental advice is leave the car at...

Written Answers — Department of Finance: Cycle to Work Scheme (24 May 2016)

Michael Noonan: The Cycle To Work Scheme came into operation on 1 January 2009. With a view to keeping the Scheme simple and reducing administration on the part of employers, there is no notification procedure for employers involved. Accordingly, the Revenue Commissioners do not have statistics on the uptake of the Scheme and there are no figures available either for the cost to the Exchequer or the number...

Topical Issue Debate: Excise Duties (25 Nov 2015)

Michael Noonan: ..., which is leading to a cleaner overall fleet of vehicles on our roads. In addition, I have extended the relief from vehicle registration tax on electric vehicles and reduced rates for hybrid vehicles. The cycle to work scheme, which I continue to support, uses the tax system to encourage commuters to cycle to work instead of driving. There are other considerations to be aware of when...

Written Answers — Department of Finance: Tax Code (10 Nov 2015)

Michael Noonan: ...as a  tax relief for travelling to and from work which would seem to be what the Deputy is requesting. I have no plans to introduce such a scheme. I would also draw the Deputy's attention to the Cycle To Work scheme, which can provide a practical alternative to the use of a car in circumstances where the distances travelled are relatively short.

Written Answers — Department of Finance: Departmental Schemes (22 Sep 2015)

Michael Noonan: The Cycle to Work scheme is essentially an environmental measure. It was introduced on that basis to help lower carbon emissions, reduce traffic congestion, encourage more employees to cycle to work and also to help improve health and fitness levels. However, as children tend to receive bicycles from their parents there is a concern that such an extension to the scheme would become a subsidy...

Written Answers — Department of Finance: Cycle to Work Scheme Administration (22 Sep 2015)

Michael Noonan: The Cycle to Work Scheme exempts (from income tax, employee PRSI and levies) the benefit in kind arising from the provision of a bicycle / cycle safety equipment by an employer to an employee (or director), where the bicycle is used by the employee to cycle to and from work or between workplaces. I have no plans to amend the Scheme as suggested since the concept of benefit in kind does...

Written Answers — Department of Finance: Cycle to Work Scheme Administration (25 Feb 2015)

Michael Noonan: The purpose of the cycle to work scheme is to encourage more employees to cycle to and from work, or between work places, thereby contributing to lowering carbon emissions, reducing traffic congestion and improving health and fitness levels. Under the scheme an employer may provide an employee with a bicycle and/or cycle safety equipment without the employee being liable for benefit-in-kind...

Written Answers — Department of Finance: Cycle to Work Scheme Data (16 Dec 2014)

Michael Noonan: The cycle to work scheme came into operation on 1 January 2009. With a view to keeping the scheme simple and reducing administration on the part of employers, there is no notification procedure for employers involved. Accordingly, the Revenue Commissioners do not have statistics on the uptake of the scheme and a county level breakdown is not available. The scheme operates on a...

Written Answers — Department of Finance: Cycle to Work Scheme Administration (9 Dec 2014)

Michael Noonan: The Cycle to Work scheme is essentially an environmental measure. It was introduced on that basis to help lower carbon emissions, reduce traffic congestion, encourage more employees to cycle to work and also to help improve health and fitness levels. However, as children tend to receive bicycles from their parents there is a concern that such an extension to the scheme would become a...

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

Michael Noonan: As the Deputy will be aware from a previous PQ in relation to this incentive, the cycle to work scheme came into operation on 1 January 2009 and there is no notification procedure for employers involved. Therefore the Revenue Commissioners do not have statistics on its uptake. This approach was taken with the deliberate intention of keeping the scheme simple and reducing administration on the...

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

Michael Noonan: The purpose of the cycle to work scheme is to encourage more employees to cycle to and from work, or between work places, thereby contributing to lowering carbon emissions, reducing traffic congestion and improving health and fitness levels. Under the scheme an employer may provide an employee with a bicycle and/or cycle safety equipment without the employee being liable for benefit-in-kind...

Written Answers — Department of Finance: Cycle to Work Scheme Retention (5 Mar 2014)

Michael Noonan: The Cycle To Work scheme provides that a director or employee shall not be relieved from a charge to income tax more than once in any period of 5 consecutive years of assessment, commencing with the year of assessment in which the director or employee concerned is first provided with a bicycle or bicycle safety equipment. Accordingly, a person who purchased a bicycle in the 2009 year of...

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

Michael Noonan: I have no plans to amend the Cycle To Work Scheme in the manner suggested by the Deputy. Bicycles are normally covered as part of a general household insurance policy or some people may opt to have specific cover for it. If an insurance policy pays out for a bicycle then the stolen one may be replaced but the tax break may only be availed of once in a 5-year period.

Written Answers — Department of Finance: Tax Exemptions (11 Feb 2014)

Michael Noonan: The Cycle To Work scheme  was introduced by  Finance (No. 2) Act 2008 and specifies that bicycles and associated safety equipment provided by employers to employees will be treated as a tax exempt benefit-in-kind subject to certain conditions being met. One of the benefits envisaged from the scheme was indeed that more people cycling to and from work would improve health and...

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

Michael Noonan: The cycle to work scheme came into operation on 1 January 2009. With a view to keeping the scheme simple and reducing administration on the part of employers, there is no notification procedure for employers involved. Accordingly, the Revenue Commissioners do not have statistics on the uptake of the scheme. The scheme operates on a self-administration basis, and relief is automatically...

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

Michael Noonan: The cycle to work scheme came into operation on 1 January 2009. With a view to keeping the scheme simple and reducing administration on the part of employers, there is no notification procedure for employers involved. Accordingly, the Revenue Commissioners do not have statistics on the uptake of the scheme. The scheme operates on a self-administration basis, and relief is automatically...

Written Answers — Department of Finance: Cycle to Work Scheme (23 Oct 2012)

Michael Noonan: The cycle-to-work scheme was introduced in Finance (No. 2) Act 2008 and continues to operate. As the Deputy is aware, it is a long standing tradition that the Minister for Finance does not comment on taxation matters in advance of the annual Budget.

Written Answers — Department of Finance: Cycle to Work Scheme (23 Oct 2012)

Michael Noonan: The cycle-to-work scheme was introduced in Finance (No. 2) Act 2008 and continues to operate. Accordingly, an employer and employee may still enter into a salary sacrifice arrangement whereby the employee agrees to forego part of his or her salary to cover the costs associated with the purchase of the bicycle/safety equipment. Where salary sacrifice arrangements are used, they must be...