The latest tax Bill proposes a travel subsidy by an employer.
The subsidy is mainly for the purpose of an employee travelling on public transport between home and work – the proposal states that it will not be subject to fringe benefit tax.
Public transport means bus, train, ferry, tram or cable car. It does not include airfares, taxis, shuttles and E-scooters.
The Government plans to bring this law into effect from 1 April 2023.
Obviously, if your business is a company, you can also subsidise yourself, as an employee, for public transport.
