Cycle to Work Scheme implementation guidance
Table of contents
- Introduction
- 1) Who is eligible?
- 2) What equipment is included under the tax exemption?
- 3) What value of equipment can be supplied?
- 4) Scope of tax exemption
- 5) Setting up a Cycle to Work Scheme
- 5.1 Salary Sacrifice
- 5.2 Employer's NICs
- 5.3 Deductibility for the employer
- 6) Things to consider in relation to salary sacrifice arrangements
- 6.1 The National Minimum Wage (NMW)
- 6.2 Benefit entitlement
- 6.3 Withdrawing from a Cycle to Work Arrangement
- 7) VAT
- 8) Can the employee keep the cycle at the end of the loan period?
- 9) Consumer Credit Law
- 9.1 Consumer Credit Licence
- 9.2 Setting up the Agreement
- 9.3 Not Hire Purchase - dealing with what happens to the cycles and cyclists' safety equipment at the end of the hire period
- 9.4 Cancellation Rights
- 9.5 Advertising Requirements
- 10) Authorisation of a Cycle to Work scheme
- 11) How long does a Cycle to Work scheme have to run for?
- 12) Insurance
- 13) Mileage Allowance
- 14) Work Place Travel Plans
