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@dubtap
There was a similar PC purchasing scheme in the UK based on same model as C2W of salary sacrifice called HCI and one day in 2006 Gordon Brown shut it down overnight sending a load of companies that administered schemes to the wall.
Cyclescheme live in constant fear of HMRC doing the same thing because frankly it's just too good a deal and when they are the fastest growing company in the UK someone in the Treasury is going to do the sums despite all the touchy-feely environment stuff.