Rachel Reeves plans a clampdown on the Cycle to Work scheme, with new limits that could cut tax benefits for commuters and ...
Cycling Weekly on MSN
'Taxpayers shouldn't be footing the bill for luxury leisure' – Cycle to Work scheme expected to be limited in upcoming Budget
The scheme, launched in 1999, allows people in the UK to save tax on bikes by 'loaning' them from their employers, allowing ...
Chancellor set to cap Cycle to Work scheme, possibly hitting mountain bikers—see what it could mean for your next bike and ...
Cycling Weekly on MSN
'This feels like another attack': industry laments new Cycle to Work budget cap
He added: “We are keen to work with the government to ensure the changes would not unintentionally damage the scheme and the ...
There have been reports that the upcoming budget might cut the tax benefit of a cycle-to-work promotion that makes cycling to ...
Chancellor Rachel Reeves is expected to cap cycle-to-work spending as the Treasury moves to limit tax perks for high earners ...
The FT quotes an estimate by HM Revenue and Customs that Cycle to Work cost £130m in lost Treasury revenue in 2024-25, due to the income tax not collected on purchases made via salary sacrifice, an ...
Any changes to the Cycle to Work scheme could reportedly come as part of a wider crackdown on government subsidy programmes, with the Treasury also said to be looking at limiting how much employees ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback