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I guess it depends on what you are getting repaired. If you're spending £500 to get a cracked carbon frame repaired :mad: then anything that takes the sting out of it is appreciated.
Different things I believe. I assume maintenance refers to labour and replacement parts are, well, parts.
https://www.accountingweb.co.uk/any-answers/cycle-to-work-scheme-repairs
Agreed - similarly, things that need to be purchased to keep the bike roadworthy (tyres, break pads etc) can't possibly be known at the point you purchase the bike.
Thanks for your help.
Thanks northernladuk. If you spent 10 seconds reading my post you will find that you have sent the same link that I already referenced. :D
Also, you'll be pleased to know that HMRC temporarily changed the rules due to Covid...
Thanks SueEllen, but cyclescheme.co.uk is a third party management scheme and is, I believe, different to the limited company just buying the bike and accessories directly.
I have a bike that has been purchased by my own Ltd company a year ago and recorded as an asset on the books and have a few questions:
1. Can I buy a helmet (or other allowable accessories) as needed throughout the year or does it need to be purchased at the same time as the bike?
2. Can I...
Hi All
I am an IT contractor working through an umbrella company. My work is in addition to my day job so I only earn about an extra £4-5k a year from it. I would like to buy a new laptop as my old one is old and slow (although there is nothing actually wrong with it). Obviously as I am an IT...