When operating a cycle to work scheme the employer is required to charge a nominal rental amount with/without the option to purchase at end. Is it right for an employer to charge more than what is borrowed? Ie £950 sacrificed, £750 collected in loan payments and then sell but to employee for say £500? (Notional figures).
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General ACCACycle to Work
Thanks Carl, this is how it is currently being operated with equal installments being collected.
What do you declare on the P11D, do you just calculate the fair value of the bike per the HMRC guidelines?
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