An interesting final though from the link above….just need the message to get out there!
However, not all bike shops think the scheme is dead in the water.
One said: "From my reading of [HMRC's rule change] the employer can sell the bike to the employee for whatever they like, ie £5. However the difference between the amount that the employee pays for the bike and HMRC’s valuation of the bike would become a benefit in kind and therefore taxable.
"So £1000 bike (£850 ex vat): HMRC’s valuation £250
"Employee pays £5 for the bike, and Tax/NI on £245 (£54 Tax + £25NI) So in effect pays a final payment of £84.
"This is still a massive saving."