Search for "cycle to work" segment:8222450 (KildareStreet.com)

Written Answers — Department of Finance: Tax Reliefs (5 Apr 2022): Darren O'Rourke: 255. To ask the Minister for Finance if he has examined expanding the cycle-to-work scheme to college students; the estimated cost of such an expansion; and if he will make a statement on the matter. [18330/22]
Written Answers — Department of Finance: Tax Reliefs (5 Apr 2022): 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 agrees to...

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