cycle to work - new guidance on getting a cycle from work, tax-free

London Analytics has published an interpretation of the new guidance on the cycle to work scheme, which provides a means of hiring a bicycle through your employer out of pre-tax income - so you don't pay VAT, Income Tax or National Insurance on the money.

Pages on the DfT site: intro, full html document, pdf version [136kb].

Please ask any questions on the scheme here, and I'll do my best to anwer them promptly to the best of my ability. You should also consult your accountant or tax adviser.