After applying for a new bike to work, advising my LBS I need something to get me to the stations/work - I got this lovely email from HR. Essentially I cannot apply concurrent years - even though I have done this before. Anyone else come across and solved this problem? (company names removed)
"We have been advised by the Bikes for Work provider, XXXX, that under HMRC rules for Bikes for Work schemes, you would not unfortunately be able to join the scheme this year.
I have asked YY's internal Tax team to verify this and they have confirmed that under HMRC rules you would not be able to take a second bike, whilst the first hire agreement is still active from last year, if the sum of the two bike certificates (last year's and this year's) breaches £1000.
As such we have been asked to remove the bike selection from your 01 January 14 XXXXX scheme.
Please accept our apologies that this was not made clear on XXXXX. We will now raise this with the Reward team, ready for next year's annual enrolment, to try to ensure greater clarity on scheme rules.