Pedal Your Way to Tax Savings: The Cycle to Work Scheme for Limited Companies

A group of cyclists pedaling down a road while taking advantage of the Cycle to Work Scheme for tax savings.

The ‘Cycle to Work’ scheme is an annual tax exemption allowing businesses to loan employees bicycles and cycle safety equipment as a tax-free benefit. The scheme has positively impacted workplace health and motivation and encouraged people to engage in physical activity. But is this scheme suitable for limited companies? Directors The ‘Cycle to Work’ tax…

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