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Topic starter
IANAA.
We have a small limited company, 2 directors, me and the Mrs.
We take a small wage, below the tax allowance and dividends.
Is there any point in signing up for a cycle to work scheme and buying a couple of bikes?
Will it just basically increase our tax free allowance by the purchase price of the bikes?
Is it worth the faff?
Posted : 19/07/2023 12:24 pm
Just buy the bikes through the company, it's that simple.
Posted : 19/07/2023 12:26 pm
Topic starter
Do you mean as company equipment/assets?
Then claim the VAT and offset as an expense?
Posted : 19/07/2023 12:29 pm
Yes
Posted : 19/07/2023 12:47 pm
Topic starter
Thanks gents, it seems pretty obvious now!
Posted : 19/07/2023 12:49 pm