Cycle to Work Schemes not axed

November 24, 2016 Company News

Cycle to work to continue

“Some employees are able to sacrifice salary and pay much lower tax on benefits in kind. This is unfair, (according to the Chancellor) so from April 2017 employers and employees who use these schemes will pay the same taxes as everyone else. Ultra-low emission cars, pensions saving, childcare and the cycle to work scheme will be excluded from this change.”

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