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- Written Answers — Department of Finance: Tax Reliefs (23 May 2023)
Alan Dillon: 237. To ask the Minister for Finance to outline, in tabular form, how much has been spent on the bike-to-work scheme for each year to date since its introduction; and if he will make a statement on the matter. [24614/23]
- 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...