As the Deputy is aware, tax policy is a matter for my colleague the Minister for Finance in the first instance. In that regard I very much welcome his recent announcement of increased thresholds under the existing Cycle to Work Scheme as part of the July Stimulus package. The increases he is introducing are in line with the commitment made in the Programme for Government in relation to the Scheme.
I am unsure exactly as regards the Deputy's reference to a €2,000 minimum threshold, but can advise that the following changes have been introduced to the scheme as and from the 1st of August, 2020:-
- There is a rise from €1,000 to €1,250 for pedal bicycles and €1,500 for electric bikes respectively; and
- People can avail of the scheme every 4 years, instead of every 5 years.
In relation to the specific suggestion of the Deputy I do not have any such current plans. I believe the issue can be considered more fully in the context of my Department’s review of Sustainable Mobility policy which is currently ongoing. I intend that the new policy framework will provide a strategic backdrop to the increased investment planned by this Government across the sustainable mobility programme, including active travel. The next stage in the review will be the publication of a report on submissions received during this year's public consultation.
