Thursday, 3 October 2019

Ceisteanna (58)

Michael McGrath


58. Deputy Michael McGrath asked the Minister for Finance the estimated full year cost of a 100% tax rebate or grant for the purchase of e-bikes (details supplied); and if he will make a statement on the matter. [40302/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

Revenue estimate that expenditure on bicycles is approximately €62 million per annum including VAT. A breakdown between manual and electric is not available. Therefore the full year cost of grants covering all bicycles would be approximately €62 million. At the current rate of VAT at 23%, this would mean a grant equivalent to a 100% VAT rebate would cost approximately €11.7 million. Neither figure factors-in changes to purchasing patterns.