- Buying a bike and being self employed.
I don’t think you can officially claim it for commuting but if you are using it to facilitate part of your job it should be ok. It depends on your turnover and whether £1000 out of that is a lot or not, it it’s a tiny percentage I doubt hrmc would bat an eyelid. Think it depends on your own job and attitude to risking it!
Mate is a sparky and “prices jobs” with his bike so puts that throughPosted 3 years agodarrenspinkSubscriber
This has been talked about several times, let me just have a look.Posted 3 years ago
Here we go..
Have you ever put one through your business?Posted 3 years ago
It would be for riding to work on.Not really used for the business but I have just cycled to our accountants which we would normally charge petrol for.
We don’t get CTW so there must be some way of me getting a new bike.
Ps it’s a £1000.TheArtistFormerlyKnownAsSTRSubscriber
Mates of mine with their own businesses seem to put everything through their business. One rented himself a flat when he got divorced and it went down as archive storage in the company accounts.
You can put anything you want through your books – it’s how the HMRC view it if they come knocking that matters…Posted 3 years agomeftyMember
technically you should pay benefit in kind for any personal use.
Surely not if you are self employed, BIKS are Schedule E only, if it only part business, then you can claim % of business use for running costs and capital allowances.
Alternatively you claim mileage allowance of 20p per mile.Posted 3 years agoBlazin-saddlesMember
Am I right in thinking it’s a no go if just commuting though?
Mrs BS has a Sports Injury Clinic in town and cycles every day from home, she occasionally uses the bike to go to patients homes or to other sites to work. We’ve never claimed anything through the books, I’m right aren’t I?Posted 3 years ago
I have been known to cycle half a mile to the post office.Posted 3 years ago
A couple of winters back we put my ice spiker tyres through the shop. We couldn’t get the car out and due to a knee injury can’t walk to work.
Surely we need to be prepared for the car breaking down or snow.
Staff cover if we can’t make it is £150 a day and a cab is £20.
Also last time I was self employed I could claim petrol going to work. It always annoyed me that my bike did 120mpg.justinbieberSubscriber
As far as I’m aware, you can buy a bike as a capital allowance (self managed cycle to work scheme), and claim mileage for using a bike (but not to your main work place). Not sure if you can do both together though, and the bike doesn’t have to be limited to £1000 – that rule is there because of the special credit license required to offer more than £1000 credit that most companies don’t have.
Hope that helpsPosted 3 years ago
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