Last month, data from the Cycle to Work Alliance showed that the system brought £219 million in bike and accessory sales last ...
The scheme allows UK residents to save tax on bike purchases by ‘loaning’ them from their employers. Cyclists can save up to 42% on the cost of their bike, which since the initial £1,000 cap was axed ...
It’s been over 25 years since the UK Cycle to Work scheme was introduced, enabling employees to use salary sacrifice to purchase bicycles and latterly ebikes, as well as cycling equipment for their ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Buyers of expensive manual and electric bicycles through salary sacrifice schemes will have their tax benefits ...
Rachel Reeves is preparing to limit the tax benefits available through salary sacrifice schemes for purchasing high-value bicycles, the Financial Times reported on 13 November. The chancellor intends ...
The days of funding your next Pinarello Dogma purchase via Cycle to Work may be over. According to the Financial Times, Chancellor Rachel Reeves is planning to introduce a cap on the value of Cycle to ...
The Chancellor is reportedly poised to introduce a new cap on how much people can spend on a bicycle through the salary sacrifice scheme. Ms Reeves is currently putting together her Budget, which will ...