http://citycyclingedinburgh.info/bbpress/ CityCyclingEdinburgh Forum » Topic: Cycle to Work ins and outs en Sun, 05 Jul 2026 16:27:49 +0000 http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-36692 Fri, 29 Jul 2011 15:48:14 +0000 DaveC 36692@http://citycyclingedinburgh.info/bbpress/ <p>Thanks for resurecting this. I am about to participate in my employers second round of this, and I had conserns about how muc I would be expected to repay after a year. So am I correct in thinking that a small single figure percentage deposit is taken from the employee after a year, and the hire period is extended to upto 36 months whereby the value of the cycle reduced to zero.</p> <p>Dave C </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-36671 Fri, 29 Jul 2011 13:21:44 +0000 steveo 36671@http://citycyclingedinburgh.info/bbpress/ <p>My company used to claim the vat back and stead of passing the saving on to us, they'd pocket it and use it to 'administer' the scheme. Won't be doing that now.</p> <p>Just paid £70 for my mtb to be owned by cyclesheme for the next 4 years.... </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-36669 Fri, 29 Jul 2011 12:40:22 +0000 chdot 36669@http://citycyclingedinburgh.info/bbpress/ <p><a href="http://www.bikebiz.com/news/read/cyclescheme/011608" rel="nofollow">http://www.bikebiz.com/news/read/cyclescheme/011608</a> </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-20479 Fri, 31 Dec 2010 01:45:30 +0000 chdot 20479@http://citycyclingedinburgh.info/bbpress/ <p>From Twitter @carltonreid</p> <p>Cyclescheme's HMRC Market Value Clarification leaflet: </p> <p>"</p> <p><a href="http://emails.cyclescheme.co.uk/files/hmrc/flyer.pdf" rel="nofollow">http://emails.cyclescheme.co.uk/files/hmrc/flyer.pdf</a> </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-17497 Fri, 26 Nov 2010 01:18:19 +0000 chdot 17497@http://citycyclingedinburgh.info/bbpress/ <p><a href="http://www.bikebiz.com/news/read/cyclescheme-bosses-bend-cameron-s-ear" rel="nofollow">http://www.bikebiz.com/news/read/cyclescheme-bosses-bend-cameron-s-ear</a> </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14795 Fri, 15 Oct 2010 00:26:15 +0000 chdot 14795@http://citycyclingedinburgh.info/bbpress/ <p><a href="http://blog.evanscycles.com/commuter_urban/new-cycle-to-work-scheme-what-does-it-mean-for-me" rel="nofollow">http://blog.evanscycles.com/commuter_urban/new-cycle-to-work-scheme-what-does-it-mean-for-me</a> </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14494 Tue, 12 Oct 2010 12:36:30 +0000 spytfire 14494@http://citycyclingedinburgh.info/bbpress/ <p>glad I got mine and paid it off, not going for another one (winter bike) as planned now </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14490 Tue, 12 Oct 2010 12:20:26 +0000 SRD 14490@http://citycyclingedinburgh.info/bbpress/ <p>Thanks guys. Yes, it was the 'what happens for the next 4 years' bit that was confusing me. when i originally read the memo from HMRC my immediate thought was 'why can't i just lease it over 5 years?'. I guess many people don't stay at one job that long. </p> <p>My employer will give a one-year interest-free loan, but its max £500. Had emailed a few weeks to ask if given the HMRC changes they might consider increasing max loan. No reply yet. </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14482 Tue, 12 Oct 2010 11:52:17 +0000 kaputnik 14482@http://citycyclingedinburgh.info/bbpress/ <p><em>cheap credit is a major attraction of the scheme</em></p> <p>I took matters into my own hands with a 0% for a year on purchases credit card deal and will pay that back in installments. </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14481 Tue, 12 Oct 2010 11:28:28 +0000 steveo 14481@http://citycyclingedinburgh.info/bbpress/ <p>Probably what i would have but for the fact that i didn't and still don't have the cash to stump up front. The cheap credit is a major attraction of the scheme, i suppose that element is still there but any possible saving has been boiled off by HMRC ruling.</p> <p>I didn't intend to go in for a third year but if i were looking at it now i'm not sure i'd bother since most bike shops will still give 0% on sale items either that or there is the hard way (save up). </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14479 Tue, 12 Oct 2010 11:04:41 +0000 kaputnik 14479@http://citycyclingedinburgh.info/bbpress/ <p>I found it much easier to find the bike I wanted, then watch the shopping comparison websites until one came up in my size with a tasty discount... </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14477 Tue, 12 Oct 2010 10:56:20 +0000 PS 14477@http://citycyclingedinburgh.info/bbpress/ <p>Yes - the cost of the subsequent lease is the key detail missing from that Cyclescheme piece.</p> <p>I fear that the bureaucracy is going to make the whole scheme somewhat unattractive. I got a healthy saving on my bike, but if I factor into the equation the restrictions of using the scheme (paying full RRP, rather than sale price, timing of the purchase, LBSs' understandable unwillingness to offer any additional discounts etc becasue Cyclescheme have already taken 10% from their sale price, potential split ownership issues if the bike costs more than £1k) plus the HMRC swerveball, I'd be thinking twice about doing it again. </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14474 Tue, 12 Oct 2010 10:21:02 +0000 steveo 14474@http://citycyclingedinburgh.info/bbpress/ <p><em>Can someone translate that [the cyclescheme proposal] into English for me? thanks </em></p> <p>I think cyclescheme will buy the bike from your employer probably for no fee then continue to lease it to you for the next 4 years at which point the fair market value drops to the 7% specified by HMRC. Though what i can't see is what the cost for the next four years will be since there must be some cost to keep HRMC off there back. </p> <p>You'd think HMRC would have actual<a href="http://citywire.co.uk/new-model-adviser/tax-evasion-costs-treasury-15-times-more-than-benefit-fraud/a378274"> tax dodgers </a>to go after. </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14471 Tue, 12 Oct 2010 10:06:44 +0000 PS 14471@http://citycyclingedinburgh.info/bbpress/ <p><em>Typical any government effectively kill something which actually benefits people but was initiated by a previous administration. </em></p> <p>I wouldn't say that. It looks like a classic case of HMRC interpreting legislation by the letter (which to be fair is their job) rather than turning a blind eye and going with the spirit of the legislation. They do have a habit of doing this, no matter who is in government at the time. </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14465 Tue, 12 Oct 2010 09:40:17 +0000 SRD 14465@http://citycyclingedinburgh.info/bbpress/ <p>Can someone translate that [the cyclescheme proposal] into English for me? thanks </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14457 Mon, 11 Oct 2010 22:41:22 +0000 Dave 14457@http://citycyclingedinburgh.info/bbpress/ <p>"Pedantry is down there with sarcasm<strong>.</strong>" </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14445 Mon, 11 Oct 2010 20:50:30 +0000 kaputnik 14445@http://citycyclingedinburgh.info/bbpress/ <p>Sorry, I should know better. Pedantry is down there with sarcasm </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14444 Mon, 11 Oct 2010 20:47:44 +0000 steveo 14444@http://citycyclingedinburgh.info/bbpress/ <p>/whistles</p> <p>Its an energy consultant they are welcome to try and turn a profit on it.... </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627&page=2#post-14439 Mon, 11 Oct 2010 20:03:26 +0000 kaputnik 14439@http://citycyclingedinburgh.info/bbpress/ <p><em>my bike</em></p> <p>your employers bike that they kindly lease to you, surely :) </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-14437 Mon, 11 Oct 2010 19:58:54 +0000 steveo 14437@http://citycyclingedinburgh.info/bbpress/ <p>Great so now cyclescheme own my bike. Typical any government effectively kill something which actually benefits people but was initiated by a previous administration. </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-14435 Mon, 11 Oct 2010 19:46:44 +0000 chdot 14435@http://citycyclingedinburgh.info/bbpress/ <p>CycleScheme (the company) has devised a scheme for dealing with the new HMRC rules. </p> <p><a href="http://www.cyclescheme.co.uk/employer,intro.htm" rel="nofollow">http://www.cyclescheme.co.uk/employer,intro.htm</a> </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-6236 Wed, 28 Apr 2010 08:38:55 +0000 Min 6236@http://citycyclingedinburgh.info/bbpress/ <p>Well I have cancelled the scheme and will just buy my bike myself. My employer failed to actually pay for the bike which is why I never got the voucher, however they managed to be efficient enough to take the money from my salary. I really ought to have known better. </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-6180 Mon, 26 Apr 2010 15:26:05 +0000 spytfyre 6180@http://citycyclingedinburgh.info/bbpress/ <p>more than I paid for a bike<br /> and it is less than 100 miles away from costing 25p per mile </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-6178 Mon, 26 Apr 2010 14:13:13 +0000 chdot 6178@http://citycyclingedinburgh.info/bbpress/ <p>From Twitter</p> <p>"<br /> on_lothianbuses </p> <p>Commuting every day? Did you know you can SAVE WITH A RIDACARD? Find out more: <a href="http://bit.ly/9AdK7V" rel="nofollow">http://bit.ly/9AdK7V</a></p> <p>"</p> <p>- "Adult £42 (this equates to: £504 per year)" </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-6172 Mon, 26 Apr 2010 13:48:35 +0000 spytfyre 6172@http://citycyclingedinburgh.info/bbpress/ <p>I flirted with the idea of buying another bike in my bike to work and getting a semi-decent MTB for potholes and cobbles... maybe some Pentlands...<br /> Need to keep the cash instead though </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-6169 Mon, 26 Apr 2010 12:45:33 +0000 Min 6169@http://citycyclingedinburgh.info/bbpress/ <p>I stupidly applied for a bike through this a few weeks ago and "two to three weeks" promised on my employers website suddenly became "three to four" when I actually made the application. Well it's been over three so far and still no sign whatsoever of getting my voucher. Really cheesed off now. Am trying to see if I can cancel it now and just buy the bike. Wish I had done to begin with.</p> <p>Stupid cyclescheme. </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-5266 Fri, 09 Apr 2010 21:39:55 +0000 chdot 5266@http://citycyclingedinburgh.info/bbpress/ <p>"Everything else since then has been at the wee Freewheelin shop on Slateford spending my money as locally as possible supporting local business and also as I know one of the guys working there I get a good chat while he fixes my brakes for me"</p> <p>Yeah bikes is definitely a 'personal attention' business. </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-5257 Fri, 09 Apr 2010 21:21:55 +0000 spytfyre 5257@http://citycyclingedinburgh.info/bbpress/ <p>I am catching up after a holiday away from tinterwebs so forgive me for not reading the entire set of posts</p> <p>My work do cycle to work scheme with Halfords but the vouchers were also accepted at the place in Stockbridge (the name escapes me right now) so I ordered one on a lunch break walk from work, it has done over 1200 miles now and I am on target for it to have cost me around 25p per mile within the year of owning it</p> <p>There were additional voucehrs for free safety equipment but they were only available at halfords so I sold my soul and bought mud guards and a pannier rack there...</p> <p>Everything else since then has been at the wee Freewheelin shop on Slateford spending my money as locally as possible supporting local business and also as I know one of the guys working there I get a good chat while he fixes my brakes for me </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-5136 Thu, 08 Apr 2010 15:14:51 +0000 chdot 5136@http://citycyclingedinburgh.info/bbpress/ <p>"Had I been in the room"</p> <p>Suspected so...</p> <p>Previous posts edit for paranoia (mine too). </p> http://citycyclingedinburgh.info/bbpress/topic.php?id=627#post-5129 Thu, 08 Apr 2010 14:30:51 +0000 gembo 5129@http://citycyclingedinburgh.info/bbpress/ <p>Kirst - yeah that was why I went in on the Thurs night before it started. Felt quite smug but then the mechanic phoned to say my nexus was dead and £200 to make it go. Any advice on converting Specialized Crossroads to single speed for less than £50 much appreciated (it is so very heavy but would still work on canalpath and chewed up bit of backroad out of Heriot Watt.</p> <p>SRD - wise words to F. on the perils of facebook. I have been to inservice on the risks of putting any info about yourself on internet because of risk from paedophiles. The training is very scary, not sure if it matches the reality. However in principle even if you are cautious you only have to have a link to a more blabby pal and the whole world knows your name. Had I been in the room instead of making the breakfast I would have swithererd even about our wee group of diehards. That is how traumatised I have been by the inservice training.. </p>