HM Revenue & Customs estimated there were about 209,000 claimants under the scheme in 2023-24, the most recent year for which ...

Chancellor set to cap Cycle to Work scheme, possibly hitting mountain bikers—see what it could mean for your next bike and ...

The scheme, launched in 1999, allows people in the UK to save tax on bikes by 'loaning' them from their employers, allowing ...

Investigatory work from the Financial Times has uncovered changes ahead for the long-standing cycle to work salary sacrifice scheme - namely axing high-end bike ...

Rachel Reeves is coming for your £3,000 electric Brompton and £165 Rapha cycling jersey. The Cycle to Work scheme – which ...

Chancellor Rachel Reeves’ forthcoming Budget is expected to feature significant tax changes around salary sacrifice.

There have been reports that the upcoming budget might cut the tax benefit of a cycle-to-work promotion that makes cycling to ...

The original upper threshold of £1,000 was scrapped in 2019, allowing the purchase of even the most expensive bikes. But now ministers do not believe subsidies of several thousand pounds are the best ...

The government is preparing to tighten the rules around the Cycle to Work scheme, prompting concern among workers who rely on ...

Chancellor is expected to introduce a new limit on how much can be spent on a bicycle through a cycle to work scheme.

The FT quotes an estimate by HM Revenue and Customs that Cycle to Work cost £130m in lost Treasury revenue in 2024-25, due to the income tax not collected on purchases made via salary sacrifice, an ...

Any changes to the Cycle to Work scheme could reportedly come as part of a wider crackdown on government subsidy programmes, ...