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@pootsmanuva
I was just about to ask this....and my employers (University of London) don't knock the VAT off anyway as there's something to do with they don't have the right bit of paper for getting the VAT off purchasing bicycles blah blah blah.
Regardless of the changes, I'm seeing the Cycle to Work scheme as basically an interest free loan or have I got that wrong, as that's what it seemed to be with the first one I took out - had a certain amount deducted from my salary each month but also saved a bit as I was paying a little less tax. I'd be more than likely to be spending something in the region of £700 up to the maximum £1000 on a road bike. I couldn't end up paying more than the actual cost would I?