Message Forums

I used it a couple of years ago and just paid a token amount for the bike, since then those lovely tax people have "clarified" the rules and you now need to pay more to avoid tax, alternatively your employer or a third party (such as Cyclescheme) can retain the ownership of the bike until it loses its value.

The problem is that bike belongs to your employer in much the same way as a company car would, if they just handed the bike to you at the end of the hire period then that would be a taxable benefit.