Get a bike for work the easy way!
In a nut shell: You buy the bikes for your employee’s, claim back the VAT and then your employees pay you back out of gross pay rather the net pay, so they benefit at no loss to yourself. The below link shows you how to account for this:
Click Here For The Department For Transport Website
All we need to do is invoice the employer, we deliver the bike and the employee starts paying the employer back each month.
Some companies are set up with the company “Cycle Scheme” to do this. We are a partner of this scheme. Our vendor name is ‘ebikes’. If your wanting to purchase our bikes through the ‘cyclescheme’ please follow the steps below:
How it works
- You visit our website or warehouse and distribution centre in Bodiam, East Sussex to select the bike and equipment that you want. You will be given a quote, and you can use Cyclescheme's online tool to apply for your chosen package by entering the details online and requesting a secure voucher.
- Once you have requested a secure voucher, your employer confirms eligibility and approves the request. Cyclescheme will send them an invoice for the bike package, and a hire agreement is sent to you to sign. As soon as the bike is paid for, the secure voucher is sent to you.
- Your hire payments are deducted from your gross monthly salary. At the end of the hire period you pay a Fair Market Value payment to own the bike outright.
- You contact your chosen bike shop to arrange collection. You'll be asked for photographic ID when collecting the bike and equipment.
Help your employer help you!
A cycle to work scheme is a great incentive for employees, and companies can save money too - every bike processed through the scheme means an employer's National insurance saving. Everybody wins, and it's time to let your employer know!
We have a full information pack to give to your employer when they contact us on your behalf, which will tell them all about how the scheme operates. They can even download it from this site. The good news: once your employer is on board we help them administer the scheme and you should be on two shiny new wheels before you can say “where are my cycle clips?”
PAYE only - sorry
Your employer has to be willing to run the scheme before you can get your bike. This is because the scheme can only run through what is known as a salary sacrifice, where you agree to temporarily reduce your wages to pay for the hire of goods – in this case a bike and equipment. The scheme is available to UK tax payers who pay PAYE. Please note that the self-employed cannot take part in the scheme.
How to Order
Ordering is simple. Add the items to your basket you wish to order, follow the usual check out process. If you have your voucher code please enter it in the comments field. On the payment page instead of entering your credit card details click alternative payment. That's it - could it be simpler?