Zenith salary sacrifice car scheme examples

Therefore a cycle to work scheme operates as a loan: the. This means the cost of a new bike and cycling equipment is deducted from your salary as a non-cash benefit, so you . Cycle to work is a salary sacrifice scheme. Jun An important point to remember: The employer cannot reclaim the VAT paid on the bicycle and/or safety equipment. How does this scheme work ? Can the employee keep the cycle at the end of the loan period? Cyclescheme , cycle to work all available at Bike Chain Ricci.

View our Frequently Asked Questions. Finally, Section talks about the possibility of VAT exemption. An option for those who do not work (or would rather not pay for their cycle ); those with. This scheme enables you to purchase a cycle tax free through your employer.

VAT remains due if a cycle is sold to an employee at the end of the loan period.