This is good news for employees! Rising fuel prices take a large part of the budget the French. Even though prices have been falling in recent weeks, the price of fuel is still high. Employees who drive to work have the most bills to pay at the pump.
Fortunately, the amending budget adopted during the National Assembly will be able to finance their home-work journey. Employers can thus double the transport premium. This bonus concerns employees who drive to work.
Fuel: the transport allowance doubles
The National Assembly’s final decision on the finance law records the reassessment of various bonuses. With budget rectified by 44 billion euros, the government will increase the amount of the various allowances. The transport allowance is one of them. This device concerns the fuel costs of the employees of a company.
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This aid is exempt from income tax or social security contributions. The amount of the transport premium was 200 euros per year. Thanks to the new finance law, this sum will be doubled to 400 euros per year. This cap will remain for the years 2022 and 2023.
A company will therefore be able to allocate 400 euros to its employee this year. The employee will use it to settle fuel payments. In the case of French overseas employees such as Guyana, Guadeloupe, Réunion and Martinique, the transport bonus will be tripled.
The latter will then be able to benefit from 600 euros as part of this aid exempt from social charges. On the other hand, the price of a liter of fuel will experience a discount. As of September 1, the discount may change from 18 cents to 30 cents.
The revaluation of the transport premium is a real boost. This will be a great help for the French who need their vehicle to go to work. However, it should be remembered that the granting of this aid depends on the choice of the employers.
The choice is up to employers
The transport bonus was initially reserved for employees who could not come to work by public transport. In addition to doubling this aid, the government has expanded eligibility requirements of this premium.
From now on, all employee drivers of vehicles who hire fuel costs can benefit from it. Even those who travel in electric cars, plug-in hybrids or hydrogen to go to work will be able to have this bonus.
For two years, employees will be able to combine the coverage ofpart of their title of public transport. And this, with the transport bonus that will be paid to them for their travel between their home and their place of work.
The employee can therefore go to work by car with the transport allowance to pay the fuel costs. On the other hand, he can get reimbursement of half of his journey by train. This accumulation was not allowed until now.
For some companies, the allocation of this aid to all its employees could be expensive. Employers must therefore have the means to give 400 euros to each employee of their company. The boost therefore depends on the employers.
Other measures besides fuel
finance bill also noted another measure in favor of purchasing power. The tax exemption ceiling for the sustainable mobility package will increase. Employees who opt for a greener mode of travel are the ones who will benefit.
Until the end of 2023, the sustainable mobility package is boosted by 500 to 700 euros per year. An employee who uses a bicycle to go to work will receive a tax-exempt lump-sum allowance of 700 euros. This boost will last for two years.
In addition, the employee will be able to accumulate the sustainable mobility package. And this, while only paying for half of the public transport ticket. The amending finance law also authorizes redemption of RTTs. All private sector employees will be able to sell their reduction in working time.
At the beginning, this measure was only planned until 2023. The deputies ended up voting it to make it last until 2025. Employers will have to give at least a sum of 10% of the employee’s salary. The latter can discuss it with the managers of the company in which he works.