How many bikes can you get on Cyclescheme?

Mudcp
Mudcp Posts: 103
edited January 2009 in Commuting chat
Does anyone know if there is a HMRC limit, or if once you've paid off the first one you can go on to another..?

Ta
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"No amount of poetry could mend this broken heart.
But you can push the hoover round if you want to make a start"

Comments

  • dsmiff
    dsmiff Posts: 741
    I've had a new one the last 2 years no problems - in fact I brought 2 bikes with my first voucher (not sure if that is strictly allowed).
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  • russwparkin
    russwparkin Posts: 17
    think it depends on the scheme, i can get one every year from any bike shop up to £2700. some are halfords only
  • SithBunny
    SithBunny Posts: 6
    As the scheme requires you to use the bike(s) as part of your commute you can easily get two. One from home to local train/bus station where you leave bike 1. Bike 2 is then collected at the other end of bus/train journey.

    I suppose if you can justify a rather complicated sequence of multiple such journeys you could reasonably apply for more than 2 bikes.

    Now the question I always find interesting is what actual constitutes 'part of a commute' ?
    Front door to Garage or bottom of one's drive :)
  • gs3
    gs3 Posts: 249
    You can also apply for two bikes if your route is likely to change by season i.e. roads in winter - off-road summer.
    As long as you legitimally use your bike(s) mainly for commuting (as we all do of course!!) then seasonal change or split journeys are perfectly acceptable.
    BouncePlayCommute
  • Clever Pun
    Clever Pun Posts: 6,778
    the 1K is the limit though

    I think my company wont do another one as we were bought out and the new owner hates benefits and HR... he has lawyers instead... still, got a brompton out of it
    Purveyor of sonic doom

    Very Hairy Roadie - FCN 4
    Fixed Pista- FCN 5
    Beared Bromptonite - FCN 14
  • Slow Downcp
    Slow Downcp Posts: 3,041
    £1k is only the limit of the company doesn't hold a Credit Consumer Licence - luckily my employer does :D
    Carlsberg don't make cycle clothing, but if they did it would probably still not be as good as Assos
  • boy on bike
    boy on bike Posts: 139
    My employer has a credit licence so we go up to £1500 - but they pocket the VAT to "cover the costs of administering the scheme" :evil:
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  • alfablue
    alfablue Posts: 8,497
    boy on bike wrote:
    My employer has a credit licence so we go up to £1500 - but they pocket the VAT to "cover the costs of administering the scheme" :evil:
    Well, that is just crooked in my view, so they are saying it costs over £200 to administer? Plus they are getting a saving of £2180 on NI. If my employers did that they would have made £80,000 in "administration costs" with the numbers that have taken up the scheme, that would have paid for 2.5 full time admin staff to run it over the 2 years. They are crooks!!!
  • little wiser
    little wiser Posts: 662
    hi just outta interest how much is my work getting from me buying a £900 bike on the scheme then? its over 18 mths if that helps, and only paid 3 mths so far but allready have plans for my next one :D

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