Limited company cycle to work scheme

Oct This scheme allows employers to loan cycles and safety equipment to employees as a tax-free benefit. Wondering how the UK cycle to work scheme works for contractors? Read our guide to discover how to benefit from the scheme as a limited company director. Save money on a new bike and spread the cost. I recently read a report that the benefits of cycling and . The contractor gains access to a bike tax-free, their company benefits from a corporation tax and possibly a VAT deduction and the contractor can usually buy the bike at a later stage.

Apr For limited company contractors this would usually be the simplest and most effective method. It may be, however, that the employer wants to . Cycle to Work scheme ? Active souls looking for a healthier way to work can claim bicycle expenses. Approved Mileage Allowance Payments Scheme. Access to your company BiketoWork online microsite where you print off a quote form. BiketoWork customers are not limited to any particular bike or accessory . Limited Company contractors, as employees of their companies, can also take advantage of the cycle to work scheme but do not have to make a salary sacrifice.

Employers also make an Employer PRSI saving on each application. Read our employer FAQs section for to your frequently asked questions on the Government Bike to work scheme. to Employer questions here!

Using the Bike to Work scheme , your employer can help you obtain a brand new bike and safety equipment worth up to £000. You can use a salary sacrifice . and save your employees up to off a new bike! All public, private and third sector employers can run a cycle to work scheme and all employees in. If the scheme meets the relevant criteria it can benefit from a tax exemption. Or you can buy the bike and claim the VAT back via the . Your employer pays for it.

As an employer , you will no doubt have many questions about how the scheme works. There are many benefits to be gained from offering a cycle to work scheme. Save upto on e- bikes and conventional bikes.

Low commissions for bike shops. To qualify for the tax exemption, the loan of bicycles and safety equipment . Mar Should I use the cycle to work scheme ? As well as helping employees reduce the cost of travel, companies can make significant savings in National Insurance too. Employees hire bicycles from their employer , and can buy them at the end of the. The government scheme does not have a spend limited , allowing you to . Loan Guarantee Scheme 171.

Download a summary of the Scheme produced by the Green Commute Initiative HERE.