As far as I could see because you pay for the bike before you pay tax the benefit to you increased with the amount of tax you pay, therefore if you pay 40% tax you save a lot more.
I am aware that this information is not that useful.
@Dammit started
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.
As far as I could see because you pay for the bike before you pay tax the benefit to you increased with the amount of tax you pay, therefore if you pay 40% tax you save a lot more.
I am aware that this information is not that useful.