This years budget - watch for C2W!

The Rookie
The Rookie Posts: 27,812
edited March 2016 in Commuting chat
I have it on good authority that the chancellor will be addressing salary sacrifice schemes in the budget tomorrow, personally I think it's unlikely to hit Pensions, ride to work or childcare vouchers, but suspect it will be aimed at clipping the wings of some of the more underhand tax avoidance schemes like car leasing but it's not impossible that Ride to work will be impacted in some way (maybe even improving it to an HP rather than rental......).
Currently riding a Whyte T130C, X0 drivetrain, Magura Trail brakes converted to mixed wheel size (homebuilt wheels) with 140mm Fox 34 Rhythm and RP23 suspension. 12.2Kg.

Comments

  • N0bodyOfTheGoat
    N0bodyOfTheGoat Posts: 6,050
    I live in hope that they improve the financial benefits of these schemes, even if that means there are tighter checks on bikes bought with the LOC complying with the minimum number of commutes per week (2?).

    The transfer of ownership "fair price" stipulated by HMRC for bikes bought new at <£500 or >£500 has pretty much neutralised the benefits of these schemes for lower end tax payers, in my opinion.
    ================
    2020 Voodoo Marasa
    2017 Cube Attain GTC Pro Disc 2016
    2016 Voodoo Wazoo
  • bendertherobot
    bendertherobot Posts: 11,684
    No changes yet and, it appears, C2W will not be messed with
    My blog: http://www.roubaixcycling.cc (kit reviews and other musings)
    https://twitter.com/roubaixcc
    Facebook? No. Just say no.
  • 97th choice
    97th choice Posts: 2,222
    I was more worried about the car I have on a salary sacrifice scheme!
    Too-ra-loo-ra, too-ra-loo-rye, aye

    Giant Trance
    Radon ZR 27.5 Race
    Btwin Alur700
    Merida CX500
  • The Rookie
    The Rookie Posts: 27,812
    Well nothing impacted, so all a red herring!
    Currently riding a Whyte T130C, X0 drivetrain, Magura Trail brakes converted to mixed wheel size (homebuilt wheels) with 140mm Fox 34 Rhythm and RP23 suspension. 12.2Kg.
  • wolfsbane2k
    wolfsbane2k Posts: 3,056
    https://www.gov.uk/government/publicati ... g-people-1

    Section 3.29 and section 7.13 confirms.
    Intent on Cycling Commuting on a budget, but keep on breaking/crashing/finding nice stuff to buy.
    Bike 1 (Broken) - Bike 2(Borked) - Bike 3(broken spokes) - Bike 4( Needs Work) - Bike 5 (in bits) - Bike 6* ...
  • twist83
    twist83 Posts: 761
    97th choice wrote:
    I was more worried about the car I have on a salary sacrifice scheme!

    I was as well. But looks like we are safe.

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