Vikeonabike
CC Neighbourhood Police Constable
- Location
- Bourne, Lincolnshire
battered said:£500 limit is because the whole point of this scheme is to get new cyclists mobile, not to allow established cyclists to buy other toys at a cut price. £500 gets you a very good commuter bike, with a bit over for a lock and a set of lights.
To promote healthier journeys to work and to reduce environmental pollution, the 1999 Finance Act introduced an annual tax exemption, which allows employers to loan cycles and cyclists’ safety equipment to employees as a tax-free benefit. The exemption was one of a series of measures introduced under the Government’s Green Transport Plan. The following guidelines clarify how organisations can take advantage of the exemption to implement a Cycle to Work scheme that encourages employees to cycle to work and allows employers to reap the benefits of a healthier workforce.
battered said:£500 limit is because the whole point of this scheme is to get new cyclists mobile, not to allow established cyclists to buy other toys at a cut price. £500 gets you a very good commuter bike, with a bit over for a lock and a set of lights.