- Cannot claim for Bike to Work for concurrent years now – just advised by HR
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.Posted 4 years agobailsSubscriber
You can do one year after another, but you can’t have two schemes (if over £1000 total) running at the same time. I’m not sure on whether or not there’s been a change but that certainly doesn’t surprise me, seems pretty reasonable tbh.
What’s wrong with your other <12 month old C2W bike that means you can’t ride to work on it?Posted 4 years agocoreMember
We used to have the £1000 limit, but I think the lbs who supplied most of the bikes would go over that and invoice it as ‘accessories’, and accept some cash from employee to make the deal work.
I’ve just thought of a cracking way to get myself that el mariachi ss I want………..Posted 4 years ago
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