Originally posted by TheCyclingProgrammer
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1) yes the employees salary is just reduced by the amount of the "loan"
2) if I create sales then these are liable to corporation tax, the purchase of a bike is an allowable expense, but is liable to vat. (I'm sorry I started this cycle to work scheme, but one of my employees was keen)
I might just bite the bullet and lose the ct on the purchase, but why should I take a 20% hit to "do the right thing"?
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