I’ve just had a letter from my employer regarding my options on the end of my 36 month agreement, they’ve offered me two options:-

1. Keep the Bike, benefit in kind = £120 and I only have to pay the tax on that = £48 (just as I expected).

2. Return the Bike, £96 (£80 + vat) collection charge.

I take it they don’t want the bike back then 😆