You are reading a single comment by @rpm and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@rpm
if you use your own bike, you can claim 20p per mile tax free from your employer.
If your employer supplies a bike and associated equipment , you can no longer claim mileage.
with self employed it's even tighter, I think. but if you prove your bike is your work vehicle then it constitutes a non taxable allowance.
basically, if you need a bike, it's worth putting it through the business/cycle to work scheme. Esp if you do low mileage and want a £500+ bike.
but if you don't want another bike, it's better to claim mileage.
Your business/employer can also buy your bike off you at s/h value and then pay for all repairs and associated shit, again if you do this you can no longer claim mileage.