TaxSaver commuter ticket
Employment taxes have become more complex and burdensome in recent times mainly due to Revenue changes in the tax treatment of Benefits-in-Kind (“BIK”). However there are some Revenue concessions available which can enable tax savings for both the employee and the employer.
The TaxSaver scheme is designed to promote the utilisation of Bus/Rail/Luas/Ferry services whilst providing savings (through taxation breaks) for employees of participating organisations. An employer can purchase a monthly / annual Bus/Rail/Luas/Ferry pass for an employee without the employee being liable for BIK taxation. The tax relief on this public transport expenditure is not administered by Revenue but is instead operated by transport companies (public and private operators) and employers. The TaxSaver ticket must be purchased by the employer on behalf of the employee and an employee cannot buy a TaxSaver commuter ticket on their own behalf. The TaxSaver tickets are non-transferable and can only be used by the employee who received the tax benefit.