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How to get a tax-free bike through the UCL Cyclescheme. The scheme is administered through a salary sacrifice / hire agreement and will be run in accordance. This government scheme enables employers to loan cycles and associated safety equipment to employees as a tax-free benefit with the option to buy at a. Save up to 52% on a new bike for work Get a bike tax free and pay for it monthly with Cyclescheme (IE). The scheme allows Irish tax-payers to get one bike and.

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The Cycle to Work scheme allows employers to purchase new bikes and bicycle safety equipment for their employees. These items are not a taxable. The Cycle to Work Scheme is a tax exempt scheme which allows all University employees who meet the conditions outlined in Section 3 to hire cycles and cycle. (c)(2) of the Tax Cuts and Jobs Act). Any reimbursement given to employees under a Bicycle Commuter Tax Benefit program is taxable as income to the.

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Cyclescheme can save you at least 25% on a bike and accessories. You pay nothing up front, and the payments are taken tax-efficiently from your salary by. Cycle2Work is a government initiative which offers the most cost-effective way to get new cycling equipment. The scheme is ran through participating employers. Tax Free Bicycles was set up to help both Employers & Employees to take advantage of the Governments cycle to work initiative and to best advise you how to.