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.