Cycle to Work scheme – July stimulus amendments

Aug 17, 2020

Revenue updated the manual, on the provision of bikes and associated safety equipment to employees, to reflect changes to the Cycle to Work scheme contained in the Financial Provisions (Covid-19) (No.2) Act 2020 which take effect from 1 August.

The changes to the Manual Part 05-04-08 reflect:

  • the increase in the exemption limit from €1,000 to €1,250, and €1,500 in the case of e-bikes, for employer expenditure on the provision of bicycles and safety equipment; and
  • the reduction to the limit on availing of the scheme, from once in any five-year period to the expiration of the four-year period.