Cycle to work scheme

HMRC will be more interested in your employer's treatment of the loan arrangement, and go after them for NI contributions / VAT weill in advance of going after the employee for PAYE on a benefit in kind.

Not in my experience. Situations where employees have been innocent parties to the director's "amnesia" are overlooked, but where an employee has benefited, from what HMRC may term in their provocative terminology as deception, then personal tax conseqences will follow.

Do not underestimate the pressure PAYE Compliance Officers, from Inspector level downwards, are under to maximise the return from their control visits.