Electric Fireplace Website - Electric Fireplace Articles
Electric Fireplace Website - Electric Fireplace Articles: "In the UK, the Inland Revenue has a scheme running entitled IR176 �Green Travel'.
What is significant is that, if your employer buys an Electric Bike for your usage, that purchase is free from tax and NICs (National Insurance Contributions), provided the Electric Bikes is primarily used to go to and from work.
Additionally the bike may be used for leisure as well, if it is mainly used for travelling to and from work.
As the bike is bought by the employer and remains the employer's assets, the employer may claim a deduction for capital allowances and a tax deduction for repairs and other running costs.
Although the Electric Bike cannot be bought by the company and given to the employee as either as a salary sacrifice or as a gift as it would fall foul of certain anti avoidance provisions.
Capital Allowance Tax reliefs are available to employers, on the purchase of bicycles for employees where they are provided to employees and used primarily by employees " Click to read full article
What is significant is that, if your employer buys an Electric Bike for your usage, that purchase is free from tax and NICs (National Insurance Contributions), provided the Electric Bikes is primarily used to go to and from work.
Additionally the bike may be used for leisure as well, if it is mainly used for travelling to and from work.
As the bike is bought by the employer and remains the employer's assets, the employer may claim a deduction for capital allowances and a tax deduction for repairs and other running costs.
Although the Electric Bike cannot be bought by the company and given to the employee as either as a salary sacrifice or as a gift as it would fall foul of certain anti avoidance provisions.
Capital Allowance Tax reliefs are available to employers, on the purchase of bicycles for employees where they are provided to employees and used primarily by employees " Click to read full article
