Ben
Posts 726
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Well, they're not going to end, but an accountant cycling buddy of mine tells me the government are proposing changes that'll make such schemes pointless because the 'buy-back' fee at the end of the 12 month lease could be up to 25% of the bike's RRP, which outweights the tax free benefit :
http://www.hmrc.gov.uk/manuals/eimanual/eim21667a.htm
I'm not entirely sure whether this is actually a confirmed change, nor when it may take place. It also seems to refer to examples outside of what CycleScheme offer, so I'm not sure how relevant it is.
Has anyone else heard anything ?
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