Image from http://www.mtbe.co.uk |
Are you riding a quality bike that was purchased through the HMRC’s tax free Cycle to Work scheme? Feeling pretty pleased with it? Well, if you don’t know already, you can now also use the scheme to obtain ‘safety equipment’. So, if you bought a bike through the scheme last year, then you can save some more cash this year.
You have to check to see what does and doesn’t qualify in the small print e.g. helmets and lights can be purchased, but computers and clothing that isn’t reflective, doesn’t.
Any avenue of generosity from the taxman should not be missed!
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