The scheme is not fair to anyone....
All it's done is drive the price of a bike up by a small fortune... who the hell ever heard of people spending close to €1k on a bike, before this scheme was launched ?
... we've all been taken for a ride with this scheme imho
The scheme is not fair to anyone....
All it's done is drive the price of a bike up by a small fortune... who the hell ever heard of people spending close to €1k on a bike, before this scheme was launched ?
... we've all been taken for a ride with this scheme imho
IN the same way the tax saver ticket is not fair: if you earn more than 32K, you get a 52%* relief, so only paying 480 euro net. If you are sub-32K, you only get 31(?)%* or so relief, so are paying 690 euro.How is it not fair, you now can buy a €1000 bike for as little as €480 and if you don't use a voucher company you can get it for cheaper!!!
How is it not fair, you now can buy a €1000 bike for as little as €480 and if you don't use a voucher company you can get it for cheaper!!!
It is not fair because it has caused massive inflation in the price of a bike and also, because while the tax incentive might appear like "free money" it is also being paid by the taxpayer one way or another. So, ultimately, it has caused massive unnecessary inflation in the cost of buying a bicycle.
I would also agree with Cervelo that it discriminates against the self employed, not to mention the unemployed (who might benefit most of all, from a cheaper form of transport !).
I'd say that most of the unemployed benefit already from free public transport tickets.
And surely nobody in Ireland would increase the prices just because the state hands out free money! That would just be unethical now, wouldn't it!
It is not fair because it has caused massive inflation in the price of a bike
And surely nobody in Ireland would increase the prices just because the state hands out free money! That would just be unethical now, wouldn't it!
Totally unfair to the self employed
The same self employed who will simply take a tax deduction for the cost of the bike...?!
Only if their bike shop sells office equipment as well
Why? Sure if they're using the bike for work then they have deductibility.
No. The bike to work scheme is not available to the self employed.
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