The Death of Cycle to Work?

Discussion in 'Commuting' started by RRCC, 16 Apr 2010.

  1. RRCC

    RRCC Über Member

    Posted on our BUG board:

    If this happens the reduced tax savings and increased operating costs will kill the scheme.
     
  2. Sailorchick

    Sailorchick New Member

    Location:
    Southampton
    Glad I got my voucher just in time then. Voucher arrived 2 days ago, picking up new bike next Friday.
     
  3. Jezston

    Jezston Über Member

    Location:
    London
    These are just proposals. I expect when it is shown it would be stupid and unenforceable, they'll drop the idea.
     
  4. PK99

    PK99 Guru

    Location:
    SW19

    Looks like HMRC have cottoned on to the fact that large numbers of people have been buying extra bikes or bikes that never see a journey to work.

    I know of people who openly talk about having had several and what a "good earner" it was, and others turning up on club runs on their £1000 carbon bike-scheme steed while using their old hack bike for commuting.

    As so often with such things, abuse by people for whom the scheme was not intended destroys the benefit to those for whom it was.
     
  5. Sadly I believe ours will close to. But not because of rule changes. It would seem that our H&S officer is concerned about the amount of cycling related injuries.
    Its hard to check his claims as our workforce are spread across around 20 locations. But I have to say I have not heard of any unusual increase in accident or injury.
     
  6. Unfortunately this never stopped them before. :ohmy:
     
  7. summerdays

    summerdays Cycling in the sun Moderator

    Location:
    Bristol
    Surely the injury rate will continue at approximately the same rate with or without the scheme.
     
  8. Vidor06

    Vidor06 Long term loafer

    I work for a Government Department in NI and Cycle to Work has only been trialled in one other Dept so far. So I have been waiting patiently for the trial to be rolled out to the others but it looks like it will never happen now.
     
  9. Norm

    Norm Guest

    Would anyone care to venture what the changes are between this and the current legal requirements?
     
  10. chillyuk

    chillyuk Guest

    Strikes me that the scheme has pushed up prices as people have more spending power thanks to the scheme. The same has happened with vets. As more people have insurance so the vets are happy to increase their prices, assuming the insuance company will cough up. Back to the bikes, cycling is moving out of the reach of many people. Hundreds of pounds for very basic bike, over a grand for something half way decent. I know many will disagree, but I think it is just a rip off. As long as people with more money than sense go waving their wallets around so the prices will continue to rise. We need some consumer resistance, but that's not British is it?
     
  11. karlos_the_jackal

    karlos_the_jackal Work in progress

    Location:
    Haywards heath
    aarrrghh annoying expecting my company to start the scheme this month, was wondering why they weren't giving a definite date.
     
  12. ACS

    ACS Guru

    I have spoken at length with our Dir of Finance about the companies C2W scheme and the impact the HMRC proposals are going to have. He and the MD are very pro C2W althrough neither have taken up the opportunity to convert from running to cycling. The company had showers installed and allow us to use space for secure bike storage.

    The Dir of Finance has stated that he has seen a substantial change in HMRC's attitude towards businesses, charities, taxation and all other associated matters. I quote "They have become real money grabbing b@st@rds" HMRC where always money grabbing but they appear to be focused on closing every loophole they can find and HMRC view is the C2W scheme as just that, another tax avoidance scheme.

    It matters not that the scheme promotes health, helps the enviroment, ensures that small business can survive HMRC are only concerned in recovering the revenue lost.

    Our Dir of Finance has already suspended the scheme until further notice and given the HMRC's proposal I have to support his action.
     
  13. GrumpyGregry

    GrumpyGregry Here for rides.

    It is illegal under the terms of the scheme to know what the final figure will be in advance. If you know what you are going to have to pay in settlement at the end then it isn't a hire agreement in law it is a contract to purchase and, as such, does not qualify for tax relief or remission of NI.
     
  14. viniga

    viniga Über Member

    Location:
    Glasgow
    Can anyone post links to sources? My google fu seems weak.

    My company are just thinking of adopting the scheme.
     
  15. ACS

    ACS Guru

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