Bike to work scheme – Exemption from tax The exemption applies to the first €1,250 expenditure incurred by an employer in connection with the provision of a bicycle and/or bicycle safety equipment in respect of any one employee or director. However, a higher exemption limit of €1,500 applies in the case of the provision of…
Bike to work scheme – changes There has been changes to the bike to work scheme following the stimulus package last week The bike to scheme is an exemption from benefit in kind on expenditure incurred by an employer in connection with the provision of a bicycle and or safety equipment to an employee or…
Provision of bicycles for directors and employees The Cycle to Work Scheme allows you to purchase new bicycles and safety equipment for your employees. Items purchased under the scheme are not a taxable benefit-in-kind (BIK). Items purchased under the scheme must: be made available to all employees and directors be used for qualifying journeys cost no more than €1,000…
