therams
Well-Known Member
- Location
- Manchester
I run a small company (5 people) and want to set up a cycle to work scheme. I could just join one of the schemes associated to a shop like, Halfords or Evans. However my LBS have been very helpful in helping me chose my bike, so I would like to buy from them. The only problem is that, the bike I want is on sale with a 10% discount, but I wont get this if I use their cycle to work scheme.
I have looked at the guidelines on the government’s web site, and it seems that I can just get the company to buy the bike, reclaim the VAT and then set-up the salary sacrifice scheme myself. That way, for future employee purchases we are not restricted to one bike shop and I also get the 10% discount.
I was just wondering if anybody has done this and if so how much paper work was involved?
Cheers in advance!
I have looked at the guidelines on the government’s web site, and it seems that I can just get the company to buy the bike, reclaim the VAT and then set-up the salary sacrifice scheme myself. That way, for future employee purchases we are not restricted to one bike shop and I also get the 10% discount.
I was just wondering if anybody has done this and if so how much paper work was involved?
Cheers in advance!