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Recent content by Rafd

  1. R

    Umbrellas with cycle to work schemes

    I totally agree, it is a little daft that people can get a tax break on such an expensive bike which is so over specced for simple commuting. On the other hand there are so many other similar 'loop hole' type of tax breaks in this country that are far worse. Lets start with the one that many...
  2. R

    Umbrellas with cycle to work schemes

    How is that fraud? After the end of the agreed period you pay the calculated market value for the bike then you become the owner and are free to sell it. Many thousands of people across the country will be doing exactly this every year or two.
  3. R

    Umbrellas with cycle to work schemes

    Haha the level of aggression on this forum is absurd! It's irrelevant to you how often I change bikes. Mind your own business.
  4. R

    Umbrellas with cycle to work schemes

    I emailed Brookson and they told me they were not planning to raise the limit, so I am assuming the £4k is set by them rather than the provider. Bike prices have shot up over the last year and with more people wanting ebikes, £4k is no longer as ridiculous as you might think... I bought an...
  5. R

    Umbrellas with cycle to work schemes

    Hi there, I'm currently with Brookson who offer cycle to work with a £4k limit. Has anyone come across an umbrella with a scheme with a higher limit? Thanks
  6. R

    Closing my Ltd - bicycle disposal

    Ok, even given that the bike will have devalued?
  7. R

    Closing my Ltd - bicycle disposal

    Thanks for the help, apologies for being a dunce but I don't totally follow as this stuff is new to me. So if I keep the company open for a further year, the claim for AIA would still not be allowed?
  8. R

    Closing my Ltd - bicycle disposal

    In relation to starting another accounting period?
  9. R

    Closing my Ltd - bicycle disposal

    Thanks, sorry I meant AIA not capital allowance. What I meant to ask was whether it is possible to deliberately keep the company open a little longer in order to start another accounting period and file a new set of accounts which would mean the purchase would no longer be within the final...
  10. R

    Closing my Ltd - bicycle disposal

    Would a transaction like that not prevent the company from remaining dormant? The ideal option would be to keep the company going until the bike is over a year old and so will qualify for capital allowance. Can anyone tell me if this will work - my last invoice was end of April. Is it this...
  11. R

    Closing my Ltd - bicycle disposal

    Apparently with Mettle "To get FreeAgent for free, all you have to do is make at least one transaction a month from your Mettle account". I guess it is ok to just transfer money in then out again and keep the company dormant?
  12. R

    Closing my Ltd - bicycle disposal

    Thanks for the heads up about RBS, I've been wasting a lot of money on FreeAgent! It was about 3k including VAT.
  13. R

    Closing my Ltd - bicycle disposal

    Yes
  14. R

    Closing my Ltd - bicycle disposal

    I've found the disposal section in the journal but don't think this will add a balancing charge as FreeAgent has no way of knowing this is my final year of trading.
  15. R

    Closing my Ltd - bicycle disposal

    Yes I've considered this though legally I would not be able to use the bike during this period I imagine. It would however mean I have to keep paying my FreeAgent subscription. Are there any other pitfalls to this approach other than the hassle of dormant co accounts?
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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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