Cycle to work scheme: tax treatment in company accounts

Branz

Registered User
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Say an e bike costs 3,500.
the first 1500 is allowable as a business expense.
How is the residual 2,000 dealt with in the CT computation if the employee pays BIK on the 2,000 and makes no contribution to the company?
Thanks
 
€2,215 allowable cost surely?

i.e. €2,000 additional cost of the bike plus 10.75% Employer PRSI
 
Thanks, is it 11.05% PRSI from February 2020, or is is different for BIK?
 
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