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Bike To Work Scheme - Availing Twice In Different Jobs?

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Comments

  • #32
    CramCycle
    Moderators, Sports Moderators Posts: 26,184 Mod ✭✭✭✭CramCycle


    opcowner2007 wrote: »
    http://www.bikescheme.ie/frequently-asked-questions

    11th or 12th question

    Q. Why can’t I buy more than one bike every five years?

    A. The tax relief on the cost of a bicycle and equipment is allowed once in each period of five years. This reflects what would be regarded as a reasonable lifespan for a bike.
    Q. If I change employers, does that restart the five year period?

    A. No, the five year limit applies for employees, regardless of the company they're with.

    Bikescheme.ie is not the revenue office nor do they represent the revenue or have any legal standings in this matter. Set up by the Green party, it is simply their interpretation of the law and an advertising platform for them.

    Like I said though if it does turn out to be a point where the revenue come and point it out to me, I'll cough up, if anyone feels I am evading Tax, I will happily provide my name and contact details for you to report me to them.


  • #33
    _DMac_
    Registered Users, Registered Users 2 Posts: 379 ✭✭_DMac_


    CramCycle wrote: »
    Bikescheme.ie is not the revenue office nor do they represent the revenue or have any legal standings in this matter. Set up by the Green party, it is simply their interpretation of the law and an advertising platform for them.

    Like I said though if it does turn out to be a point where the revenue come and point it out to me, I'll cough up, if anyone feels I am evading Tax, I will happily provide my name and contact details for you to report me to them.

    Work away lad. If it works for you I'd nearly chance it myself :)

    Just taught the way it was worded was that before it ever got as far as the revenue that it would have been stopped due to the 5 year rule even if you change employer. I'm tired though so I could be reading it all wrong :)


  • #34
    CramCycle
    Moderators, Sports Moderators Posts: 26,184 Mod ✭✭✭✭CramCycle


    opcowner2007 wrote: »
    Work away lad. If it works for you I'd nearly chance it myself :)

    Just taught the way it was worded was that before it ever got as far as the revenue that it would have been stopped due to the 5 year rule even if you change employer. I'm tired though so I could be reading it all wrong :)

    I thought that too as thats the general opinion of almost everyone you talk to but after a bit of looking around I interpreted it differently. Honestly I ain't paid well, there is no saving of any significant amount.


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