Cycle to work in the UK

[Chrispy]

Check this out.

 

http://www.cycletoworknow.com/

 

Maybe we can start with the fat cats in Parliament????

[Napalm]

That will be awful for cycling, 'cause every time a parliamentarian gets run over the entire nation will cheer.   

[The Guy in Pink]

It's a brilliant scheme. You can save 50% of the cost of a bike.

My Daughter in london used it and she  rides to work and back every day.

 

[ShortLegs]

They did the same kind of scheme a couple of years ago with PC's.

 

If I'd stayed there any longer I would have bought some cool stuff on this scheme

[linnega]

I have suggested it every year for the past three on the "Tips for Trevor" process, but they have taken absolutely no notice.  The good thing about the scheme is the government does none of the administration.  The employer is required to declare that the employee rides to work, the bike shop does all the processing (as they obviously want the sale) and the customer just has to claim the tax break either through the employer or on tax return.

[4ph3X]

and for people who cycle to work, say twice a week?

[The Guy in Pink]

Here is how it works.

 

1. Your employer buys it and is allowed the VAt decuction             17.5%vat

2. Your employer is allowed to deduct it from his bottom line         29% Co Tax

3. You Pay you boss back & Deduct it from you salary before tax   20%  PAYE

 

Depending on your tax bracket tos a total of  66.5% in tax break!

 

no limit as to the bike you buy.