Niamh Smyth (Cavan-Monaghan, Fianna Fail)
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65. To ask the Minister for Finance the details of a scheme (details supplied); the regularity with which one person can apply for this scheme; and if he will make a statement on the matter. [43220/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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The purpose of the Cycle To Work scheme is to encourage more people to cycle to and from work, or between work places, thereby contributing to lowering carbon emissions, reducing traffic congestion and improving health and fitness levels. Under the scheme an employer may provide an employee or director with a bicycle and / or cycle safety equipment without the employee being liable for benefit-in-kind taxation. However, where the expenditure by the employer exceeds €1,000, the excess amount is liable to tax. The employer may agree to operate the scheme under a salary sacrifice arrangement. The legislation allows for one purchase of a bicycle in respect of an employee in a 5-year period. It operates on a self-assessing basis using straightforward rules and further details are available on www.revenue.ie.