Tuesday 20 February 2018

Cycle to work: The tax breaks

Bicycle and Tax Relief -Net Cost toTax Relief -Net Cost to

Accessories Standard Employee Higher Employee

CostRate (31pc)Rate (51pc)

€500€155€345 (€29pm)€255€245 (€20.42pm)

€1000€310€690 (€58pm)€510€490 (€40.83pm)

Tax calculated at 20pc/40pc + USC 7pc + PRSI 4pc

Irish Independent

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