Search for "cycle to work" segment:8066856 (KildareStreet.com)

Written Answers — Department of Finance: Departmental Schemes (19 Oct 2021): Gerald Nash: 361. To ask the Minister for Finance if he plans to reform and extend the cycle to work scheme to include those on social welfare benefits; and if he will make a statement on the matter. [50485/21]
Written Answers — Department of Finance: Departmental Schemes (19 Oct 2021): Paschal Donohoe: 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. Under section 118B TCA 1997 an employer and employee may also enter into a salary sacrifice arrangement under which the employee...

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