- Cycletowork to be subject to VAT
And your analysis depends on whether your pension and benefits are based on your notional salary or “cash” salary.Posted 6 years agoMunqe-chickMember
ainsley, this is down to the european court calling foul on Astra Zeneca giving high street shop vouchers as a pre-tax salary sacrifice for at least the last 10 years, and the C2W scheme getting caught by the same ruling.
I have just asked for a C2W voucher to get (swallows pride) a road bike to try get back into riding/fitness so I am interested to see if a voucher obtained in 2011 will incur VAT on 2012 payments, or whether it will be deemed an existing contract. As a pov lower rate tax payer it will get to the point where I can get a better deal on an end-of-season sale bike than thru the scheme, especially as shops only tend to offer full RRP bikes on the scheme to offset the fee they pay the managing company.Posted 6 years ago
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