Bikes

[b0redom]

I'm currently looking into replacing my current bike with a new Felt DA3 but will wait for 12/13 tax year.

You'd commute on that setup? I'm considering a set of clip on aero bars, but there's no way I'd want to be navigating traffic on a TT bike like that.

Mine is a TriCross Xpert which I'm considering putting SRAM Force/Shimano Ultegra and some Mavic Kysrium Elites on. Not a cheap upgrade.

[Notascooby]

You'd commute on that setup? I'm considering a set of clip on aero bars, but there's no way I'd want to be navigating traffic on a TT bike like that.

Mine is a TriCross Xpert which I'm considering putting SRAM Force/Shimano Ultegra and some Mavic Kysrium Elites on. Not a cheap upgrade.

I used to commute on my TT bike but its past it now, hence the upgrade, my current bike is a planet-x nanolight so road specific.

Whether I'd do the majority of commuting on the new bike - well that depends upon whom I'm answering, Mr Taxman - of course I am, to anyone else...only when extending the commute into a serious training ride.

[Boo]

Now your talking, a nice new Pinerello is only £2300

Price limit for b2w scheme is £1k, no top ups allowed

Boo

[Notascooby]

Price limit for b2w scheme is £1k, no top ups allowed

Boo

That's due to there being credit license implications for companies offering above this (£1K is just plucked out of the air and held as a safe limit not to breach this regulation - although how this fairs with annual season ticket loans I'm not sure?) but as a ltd you'd never use a c2w scheme, you'd buythe bike as an asset and allow your staff to use it for the company needs. Therefore no limit on spend - the only criteria is that you offer all employees the same facility.

[Boo]

as a ltd you'd never use a c2w scheme, you'd buythe bike as an asset and allow your staff to use it for the company needs. Therefore no limit on spend - the only criteria is that you offer all employees the same facility.

Good point re the asset vs b2w but why do I have to offer all employees a bike if I offer one a bike ? I don't have to offer them all a car if I offer one a car, ditto laptops ?

Boo

[Notascooby]

Good point re the asset vs b2w but why do I have to offer all employees a bike if I offer one a bike ? I don't have to offer them all a car if I offer one a car, ditto laptops ?

Boo

You are officially using the cycle to work tax break, if not exactly setting up a c2w scheme or using an off the shelf scheme. Part of the conditions of this is that it's open to all employees.

Whether you publicise this is another matter. You don't have to buy everyone a bike, nor do they need to request one but if you have employees and this a perk being offered to one, it must be open to all.

Not really an issue with a one-man-band but I do wish the wife was a company employee so I could get another, erm mean she could pertake i this offer too.

[kyber]

With apologies for resurrecting an old thread ... (does not seem to be addresses elsewhere though more recently)

You are officially using the cycle to work tax break, if not exactly setting up a c2w scheme or using an off the shelf scheme. Part of the conditions of this is that it's open to all employees.

Is this still true? My accountant does not seem to recognise the "buy as an asset" option, taking advantage of the cycle to work tax break, but just keeps saying the limit is £1000.

Also, if there is no salary sacrifice (what HMRC call the Salary Plus option in their cycle to work implementation guide), then surely, as there is no credit being offered, the limit does not apply anyway.