Written answers

Tuesday, 22 September 2015

Department of Finance

Cycle to Work Scheme Administration

Photo of Brendan GriffinBrendan Griffin (Kerry South, Fine Gael)
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316. To ask the Minister for Finance if the cycle to work scheme will be expanded to allow self-employed persons to participate; and if he will make a statement on the matter. [30970/15]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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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 not arise in the case of the self-employed. For self-employed persons all expenses "wholly and exclusively" incurred for the purpose of their trade or profession are allowable for tax purposes. There is no tax deduction for self-employed persons in respect of costs incurred by them in relation to travelling to and from their place of business.

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