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@velocipede65
OK guys...another set of questions/issues:
I own my own small business and take a small salary and then dividends based on profits (in other words, I pay my tax mainly as corporation tax and not as income tax)...I've registered my company on the CS scheme and am now thinking of what bike to go for....BUT
...is anyone else in a similar situation with a small business and, if so, have you worked out whether or not the scheme is a real benefit to you?
I own the company, so will be paying full value of the bike (will prob max out on the £1k limit if I can!) via the company.....will I have to put my salary up in order to cover the salary sacrifice???? If I do that, I'll be exposing myself to tax liabilities elsewhere, won't I?
(PS. if this makes no sense, I am certain you are not in the same situation!!!)
;o)