Tax Calculators & Tools

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Document updated/added on 04.07.2019

Topic: Income tax

Cycle to work scheme calculator
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Cycle to work scheme calculator

Cycle to work scheme calculator

Under the cycle to work scheme employer-provided bicycles can be a good tax and NI-free benefit in kind for directors and employees. Despite the name non-work use is allowed without triggering a tax charge. The perk becomes even more attractive if at the end of the period of use for work the bicycle is transferred or sold to an employer or director.

How to use the calculator

Our calculator works out the consequences for the business and employee of transferring ownership of the bicycle. It also calculates the optimal payment for the bicycle from the director or employee for maximum tax efficiency.

 

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