Bicycles for employees

Our experts tell you everything you need to know about providing bikes for your employees

Our experts at DSR Tax Claims know how hard it is to find good, quality information about HMRC’s tax regulations that is easy to understand, and that’s why we have created these handy guides to tell you everything you need to know. Our aim is to make life easier for our clients and that is why we want to share our expertise with you. You can also call our friendly team on 0330 122 9972 – we’re the tax experts you can trust.

How do HMRC treat providing bicycles for employees?

Due to their environmentally friendly nature as well as their role in reducing traffic congestion, the government are keen to encourage bicycle use above other forms of transport. This is good news if you provide bikes for your employees as they aren’t classed as an expense or benefit if you lend or hire them to your employees, as long as they are available to all employees and are mainly used for getting to work.

This means that they don’t have to be reported to HMRC, nor do you need to pay any tax or National Insurance on them. Because of this, it is easier for you to set up a ‘cycle to work’ scheme to encourage your employees to commute to work by bike rather than other forms of transport.

How can DSR Tax Claims help?

We aim to make life as simple as possible for our clients and that includes giving you the information you need to make your taxes (and your life) simpler and less stressful.  Our team of experts at DSR Tax Claims are always on hand to help our clients and our excellent standing with HMRC means that we can make sure you don’t fall foul of their regulations, while claiming your maximum tax relief. We can even take care of all that paperwork and deal with HMRC on your behalf too. Call our friendly team on 0330 122 9972 – we’re the tax experts you can trust.

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