The Government Cycle To Work Scheme For Employees, Self-Employed, Companies in Ireland
The Cycle to Work Scheme is a tax incentive scheme which aims to encourage employees to cycle to and from work. It was introduced in 2008 by the Government .Under the Cycle To Work scheme employers can pay for bicycles and bicycle equipment for their employees and the employee pays back through a salary sacrifice arrangement of up to 12 months. The employee is not liable for tax, PRSI or the Universal Social Charge on their repayments.
Your employer does not have to take part in the scheme. However if they do, they must offer it to all their employees. Self-employed people are not eligible for the government cycle to work scheme (unless they are paying PRSI as an employee in addition to their self-employment).