Cycle To Work Scheme - Cyclescheme and Tax Free Bikes!

Tax Free Cycle Purchase - What's it all about?

The government introduced The Green Transport Plan to encourage improved fitness and to reduce pollution and congestion in 1999. This initiative was further enhanced in August 2006 when health minister, Caroline Flint, outlined her bid to improve the nations fitness by incorporating exercise into our daily routine.

The green transport plan enables employers to offer their employees the use of a bike and biking accessories, to the value of £1,000, tax free, and spread the payments over 12 months!

Employers who are registered with a tax-free cycle scheme are able to buy your choice of bike from us and lease it back to you, with an option for you to buy it for a nominal fee at the end of the lease period. You can also purchase accessories and safety equipment with the bike.

As an example for a bike costing £500 RRP you may only need to pay around £265 and be able to pay for it over a couple of years with no interest.

So no need to wait for the bike you've always wanted, order from us now and get your employer to pay!

Ask your Personnel or HR Manager for more info or ask them to contact us on 01202 424945.

Cycle Scheme

Cyclescheme is working with a network of independent bike shops to supply the nation with quality tax free bikes and equipment for work. They have a wealth of experience organising no-hassle tax free bikes for employees. Hundreds of companies of all sizes have already benefited from our easy-to-follow system! Coming from the cycle industry, they understand the needs of customer and bike shop, and we've made the process really simple. Employees apply for their tax free bike packages using a secure voucher and the details can be easily checked and approved online by human resources.

Cyclescheme website: www.cyclescheme.co.uk

HMRC Market Value Clarification

There have been some updates to the scheme, but it still provides great savings, as before. Please read the following article for details. Market Value Clarification Update

Update for employers