Cycle To Work Schemes
To promote healthier journeys to work and to reduce environmental pollution, the 1999 Finance Act introduced an annual tax exemption, which allows employers to loan cycles and cyclists' safety equipment to employees as a tax-free benefit. The exemption was one of a series of measures introduced under the Government's Green Transport Plan.Not only can you get your perfect commuting bike – whether that be a speedy racer, robust mountain bike or a trusty ‘do it all’ hybrid (and everything else in-between) - you can get all the kit you need to go with it too.If you do not require a bike, you can still obtain all the safety accessories you need using the same system.