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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: ...accurate estimates for the scheme. Revenue is not collating the numbers; the Department is just estimating them. Is that correct? The Minister is saying we do not have any definitive numbers as to how many people are applying for it. Given the value of the scheme now with electric cargo bikes and being able to avail of €3,000, is there any intention to have actual verifiable...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I thank the Minister for his response. There are two things I would mention. I know we are coming to section 8, which I agree with. I have no issues with section 7 either, for the record. Under section 8 things like the voucher scheme will be a reportable benefit. That was €500 and has now gone up to €1,000. This is up to €3,000. There is no reason this would not...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I take the Deputy's point. He is accurate in describing what would happen if someone were to lose their job and the payment that would need to be made back to the employer. It does happen and can happen. It has not been raised with me as being a regular matter but I accept the point the Deputy is making. On section 8, this is something that should be looked at in the future. In terms of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Gerald Nash: I move amendment No. 6: In page 12, between lines 24 and 25, to insert the following: “Amendment of section 118 of Principal Act (benefit-in-kind: relief for bicycles) 8. Section 118 of the Principal Act is amended by the insertion of the following subsection after subsection (5G): “(5GA) Where expenses incurred in, or in connection with, the provision of a bicycle or...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I thank the Deputy for tabling these amendments. On amendment No. 6, the cycle to work scheme provides, as the committee will know, that employees can avail of the scheme once in a four-year period. The reduction from five years was provided for in the Financial Provisions (Covid-19) (No. 2) Act 2020. The scheme covers the cost of bicycle locks and other safety equipment to deter bicycle...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Gerald Nash: I may reintroduce both amendments on Report Stage to have them interrogated further. On amendment No. 7, I am not fixated on using the cycle to work scheme to provide supports and incentives for families to obtain bikes. The principle of the issue should be examined further. As a society, we want to introduce young people to bikes. Those of us who adopt a love of cycling when we are...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: Yes, the figures we have for the bike to work scheme are currently an estimate that my Department prepares in conjunction with the Revenue Commissioners. In section 8, which we will be coming to in a moment, we are looking at how greater information could be provided with regard to the availing of reliefs. If we have an indication that the cost of the scheme is growing in any way, under...