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Cycle to work Schem...
 

[Closed] Cycle to work Scheme - Being turned down!!

Posts: 4789
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My commute is 25 miles each way. Only do it occasionally, but the bike I do it on is used almost exclusively for this. Not bought on the scheme, but it shows that it would be reasonable to buy a bike on the scheme for this use I feel. Living more than x miles away from work shouldn't exclude you.

I have had my brompton for over 4 years and use it in combination with the train to get into london from woking - it was not bought on a c2w scheme.

just got a single speed road bike on a scheme and plan to use it once a week to ride in all the way - done it a few times so far approx 30miles each way adds 50mins on the train/brompton combo


 
Posted : 12/03/2010 3:31 pm
Posts: 12
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Back to the tax point, presumably the company can write down the value of its asset on whatever basis it likes (subject to GAAP etc.)?


 
Posted : 12/03/2010 3:34 pm
Posts: 11937
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Pre-tax supermarket vouchers? Surely that's not legal?


 
Posted : 12/03/2010 3:41 pm
Posts: 41395
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backhander - Member
Poke that, HMRC are welcome to come and value my bike if they want.
I will not be volunteering to pay them anything.

Wow, get you! You won't be keeping the bike neither!


 
Posted : 12/03/2010 4:01 pm
Posts: 0
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miketually - Member
Pre-tax supermarket vouchers? Surely that's not legal?

Why not? It's simply another form of remuneration, upon which tax will be paid on the Benefit in Kind.


 
Posted : 12/03/2010 6:20 pm
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