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You guys went out of your way
On Friday I found the bike shop hadn't sent my quote on to you guys, but you went out of your way to call them direct and managed to get a voucher to me for the Saturday morning. I picked up my new bike just after lunch! I'm really impressed with this service. I don't know how many other organisations would have gone to the effort and I appreciate it.
HS
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Welcome to Cyclescheme, the UK’s number one provider of tax free bikes for work through independent bike shops. We pride ourselves in giving you the best service available with the minimum of administration. Our scheme is run in strict accordance to the government’s green travel plan and conforms to the requirements of the HMRC, OFT and DfT. We also provide hire agreements for employees and a free secure website for voucher processing. This extranet site is password protected and enables you to manage employees’ applications with the click of a mouse.
How it works
- Click here to see a short video about Cyclescheme
- You sign up with Cyclescheme; you're given access to our online system.
- Employees visit one of over 1,000 participating bike shops to select the bike and equipment that they want; they will be given a paper quote. They use Cyclescheme's online tool to apply for your chosen package by entering the details online and requesting a secure voucher.
- Once an employee requests a secure voucher, you confirm eligibility and approves the request. Cyclescheme will send you an invoice for the bike package, and a hire agreement is sent to the empoyee to sign.
- As soon as the bike is paid for, the secure voucher is sent to the employee.
- The employee contacts their chosen bike shop to arrange collection.
- You reclaim VAT in the normal way (if applicable) and the balance of the bike is deducted via salary sacrifice. At the end of the hire period,the employee pays a Fair Market Value payment to make the bike theirs. Cyclescheme can collect this payment for you.
How to start up the scheme
- To find out more about the scheme, you can download our employer brochure and flow chat below. You'll need to enter some basic company details to complete the download.
- When you're ready, you can click here to register
Get our Employer Brochure
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Get up and running
If you're an employer, you can register for the scheme right here and receive all the info you need to get up and running.
FAQs
All you need to know
Over the last few years we've been asked a few questions... mostly about fair market value! click on the link below to read the Employer FAQs