Company bike

[aceboy]

The benefit on a motorbike is on the market value of the asset when first provided, so 20% of £2000 in this case.

The "list price" is only for cars, vans (and I think, mobile phones.)

See paragraph 6.7 in http://www.hmrc.gov.uk/guidance/480.pdf

Many Thanks, so it may be worth my while then

[Rialto99]

Thanks for the tips.....not really worth it then

no not really!

[Hiram King Of Tyre]

Many Thanks, so it may be worth my while then

I wrote to HMRC about this. They replied saying the following:

>The 20% BIK is the actual cost of the bike to the company (Inc VAT)
>Servicing, tyres, insurance, protective clothing etc is added in to the above for that year
>BIK is offset by the ratio of Business V Private mileage (I didn't think this was right but I have a letter from HMRC stating it)
VAT is re-claimable by the company if charged