C2W scheme

[tradesecrets]

As i haven't bought anything through this scheme even though i've enquired about it in the past ... I've alway believed with what I've read that the max limit was 1,000 through ur company yet in a recent leisurelakes brochure ... the figure of 1,200 is stated



So can anyone verify the correct limit . please and is the scheme still in operation what with all the cuts the Goverment has done of recent

 

[subaqua]

depends oif your company has a credit licence.

if they have they can loan you what they want I beleive.


no licence and you are limited to £1000

 

[Norm]

£1200 means someone is not adding the VAT to the value of the cycle "borrowed" under the scheme, essentially lending the bike at the net rather than the gross amount.

If so, that's pretty good as every scheme that I've seen the employer takes the VAT which is reclaimed as one of the benefits of them setting up and running the scheme.