Ireland introduces a bicycle tax relief

An updated version of this post with all the information you are probably looking for can be found here

 

In what was generally regarded as a tough budget yesterday, Ireland introduced a Tax relief for workers to buy a bike. I’m really for this. The nay-sayers are having a field day saying that it always rains, or that few people are in a position to cycle, but small steps make big differences. If 100,000 more people in Ireland cycle, just one day a week, that would be a great success. Also it would have great benefits to the congestion, and health.

 

Anyway… enough editorial, here are the details

From 1 January 2009, the provision of bicycles and associated safety equipment by employers to employees who agree to use the bicycles to cycle to work will be treated as a tax exempt benefit-in-kind. The exemption may only apply once in any five year period in respect of any employee and the limit is €1,000

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