Cycle to work scheme

[minestrone]

It is the 2 showers for 800 folk that is the problem.

[minestrone]

Most of the big Clients Cos I have been at offer a bike to the permies in some employee benefit deal.

[mudskipper]

You don't need a cycle to work scheme just for yourself, your company can just buy a bike from anywhere and lend it to you free of charge. It's only if you have employees and want them to contribute that you need a scheme.

Yep, just buy the bike through the company - no need to set up a scheme as such.

[Archangel]

You don't need a cycle to work scheme just for yourself, your company can just buy a bike from anywhere and lend it to you free of charge. It's only if you have employees and want them to contribute that you need a scheme.

[BrilloPad]

"cyclists’ safety equipment"

These days that includes a machine gun for car drivers.

[CloudWalker]

Evens Cycles are asking for a Certificate ?

https://www.evanscycles.com/ride-to-work/how-to-apply

[mudskipper]

Yep, myCo bought me a bike. No problem.

[CloudWalker]

So apparently you can buy a bike through your business?
Has anyone done this?

CYCLE TO WORK SCHEME

An employer can join Cycle to Work scheme. The company can simply buy a cycle and cyclists’ safety equipment and loan it to an employee for qualifying journeys to work. It will give an employee a tax-free benefit. There's no agreement to draw. The employer 'joins' the scheme within the company when he buys a bicycle and makes it available to all employees. The employer does not require any prior approval by HM Revenue & Customs.

The cost of the bike and safety equipment can be treated as capital expenditure.

The following cyclists’ safety equipment can be claimed:

- Cycle helmets which conform to European standard EN 1078

- Bells and bulb horns

- Lights, including dynamo packs

- Mirrors and mudguards to ensure riders visibility is not impaired

- Cycle clips and dress guards

- Panniers, luggage carriers and straps to allow luggage to be safely carried - Child safety seats

- Locks and chains to ensure cycle can be safely secured

- Pumps, puncture repair kits, cycle tool kits and tyre sealant to allow for minor repairs - Reflective clothing along with white front reflectors and spoke reflectors

Conditions to be met in order to qualify for cycle to work scheme:

- Ownership of the bike is not transferred to the employee during the loan period (this is HMRC wording which means that the bike should be owned by the business);

- Employees use the equipment mainly for qualifying journeys, at least 50% business use; i.e. for journeys made between the employee’s home and workplace, or part of those journeys (for example, to the station), or for journeys between one workplace and another.