Cycle to Work - I'm the boss...
barrybridges
Posts: 420
Not sure if someone can help.
I run a small business (several employees) and I don't actually need a new bike. But, I would like some nice shiny new deep-rim wheels.
Is there anything I'm allowed to do to buy these via the cycle-to-work scheme, or am I on dodgy ground?
Obviously want everything to be above board and happy to buy them outright myself, but suddenly thought I might be able to save something if I buy them via C2W. I thought that parts and components are allowed?
What's the protocol here? I know very little about C2W other than as an employee from a long time ago, and I imagine things have changed since then.
I run a small business (several employees) and I don't actually need a new bike. But, I would like some nice shiny new deep-rim wheels.
Is there anything I'm allowed to do to buy these via the cycle-to-work scheme, or am I on dodgy ground?
Obviously want everything to be above board and happy to buy them outright myself, but suddenly thought I might be able to save something if I buy them via C2W. I thought that parts and components are allowed?
What's the protocol here? I know very little about C2W other than as an employee from a long time ago, and I imagine things have changed since then.
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Comments
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Are you an employee of a Ltd company, or self employed??
If the former then you should be able to set up a scheme yourself, but its not available for the self employed. I bought my Moda Stretto on the cycle to work scheme and arranged all the correct paperwork easily enough.0 -
To be totally above board the C2W is only available for a bicycle and safety accessories.
If you can convince HMRC that bling wheels that accelerate faster and hold speed better are a safety item them you are onto a winner.Yellow is the new Black.0 -
On our scheme this year (bae systems through halfords) we can buy accesories only.0
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Safety Accessories.Yellow is the new Black.0
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Take it as a sign that HMRC endorses the N+1 rule.0
