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 Post subject: cyclescheme
PostPosted: Wed Feb 18, 2009 5:35 pm 
Old School Hero
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Joined: Sun Jan 18, 2009 10:22 pm
Posts: 208
Location: 1060 West Addison
I'm self employed, so am a sole trader....

but my company is VAT registered....

could I register my company on the cyclescheme and buy a bike on it?

It would be impossible to do 50% of my journeys on it, but I could use it for quoting, locally..... :lol:

just wondering really, has anyone got any experience of cyclescheme, I have a mate who bought his bike through his employer, and saved quite a bit of money... so was just wondering really :?


(only problem is it'd be a modern bike!)

John


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 Post subject:
PostPosted: Wed Feb 18, 2009 6:11 pm 
Section Moderator & South West AEC
Section Moderator & South West AEC
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Joined: Mon Jun 25, 2007 3:33 pm
Posts: 8157
Location: new forest
i did get a bike through cyclescheme.co.uk it was abit of a faff but ok in the end, but i work for a big company, not sure how it works for self employed but get on their website and ask, i know it can be done just not sure how!

:D


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 Post subject:
PostPosted: Wed Feb 18, 2009 8:23 pm 
Dirt Disciple
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Joined: Mon Apr 21, 2008 9:17 pm
Posts: 43
Location: Pewsey Vale
John,

I think not although it may depend on how you pay yourself through the company. I'm in a similar position to you but couldn't register

Quote form the cyclescheme website
"Please note that the scheme is available to UK tax payers who pay PAYE. Self-employed workers cannot take part in the scheme."

http://www.cyclescheme.co.uk/employer,intro.htm


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 Post subject:
PostPosted: Wed Feb 18, 2009 8:38 pm 
Section Moderator & South West AEC
Section Moderator & South West AEC
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Joined: Mon Jun 25, 2007 3:33 pm
Posts: 8157
Location: new forest
oh thats a bummer, weird though coz a guy did it through his company when i worked in the trade.


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 Post subject:
PostPosted: Wed Feb 18, 2009 9:16 pm 
Old School Hero
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Joined: Sun Jan 18, 2009 10:22 pm
Posts: 208
Location: 1060 West Addison
oh well.....

I'll leave that on the back burner then,

I nearly limited the business at the start of last year, so if I do, and become a company, then that'll be the time to do it then!

John


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