As one of the largest facilitators in the UK of the Government’s Cycle to Work scheme, I read your article titled ‘Fears over future of tax-break bike buying scheme’ with much interest.
Whilst it’s true that Revenue & Customs have tweaked the rules slightly, most, if not all, of the facilitators of this scheme have come up with an answer that helps employees keep the vast majority of the tax benefits while remaining compliant with the new rules.
Cyclescheme has for some time been speaking to the employers, including Oxford University, that are signed with us to make sure that the transfer over to this new procedure is as simple and straightforward as possible.
Most are now adopting our answer to the new rules, with the university looking into the best way to still offer the scheme to their staff with the best tax advantages while remaining compliant with the new rules.
For further information on this please visit our website at cyclescheme.co.uk Roger Osborn, Partner Store Liaison Manager, Cyclescheme Ltd, Bath
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