Brendan Griffin
Question:316. Deputy Brendan Griffin asked 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]
View answerTuesday, 22 September 2015
Questions (316)
Written answers
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.