PxPixel
Cyclescheme brings HMRC value clarification to bike dealers - BikeBiz

Cyclescheme brings HMRC value clarification to bike dealers

Firm rolls out POS material to retailers
Author:
Publish date:
cyclescheme_logo_340x340.png

Cyclescheme is rolling out a new flyer to provide further clarification of the Cycle to Work HMRC Value to dealers.

The mail out is the latest from Cyclescheme to clarify that last August’s HMRC rule change has not damaged the initiative, which has been seen as a key driver of cycle sales in recent years.

The flyer reads: 

  • “Hang on to the bike and you could end up paying even less than before.
  • There’s no downside to transferring ownership after a longer period.
  • A small, refundable deposit secures continued use of the bike, regardless of employment status.
  • You can get another bike as soon as your initial hire period is up (usually 12 months).
  • The new market value percentage charge includes VAT – the misconception is that you pay this on top.
  • Under the old rules you would pay five per cent plus VAT so an extended use term offers a good deal and the difference is a maximum of £10.
  • Savings in line with previous expectations.”

The rest of the leaflet can be viewed by downloading the flyer.

Dales Cycles said of the Market Value Clarification flyers: “These have been extremely well received by the management, staff and customers in the short time we have had them.

“It is great to have an official Cycle Scheme card to present to customers as the future market value issue is the main stumbling block for staff and customers.

“This issue is now addressed, clearly defined in an easy to understand format.”

For more information head to www.cyclescheme.co.uk

Featured Jobs

the cycle hub

Showroom Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Tuesday 26th June 2018

Giant St Paul Logo

Bike Fitter / Sales Person

Giant St Pauls I City of London I Salary: Negotiable Dependent on Experience I Date Published Thursday 21st June 2018

CRC_Logo_620x349-1

Bike Technician

Chain Reaction Cycles I Ballyclare I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018

Canyon_Logo_1(1)

Brand Content Writer

Canyon Bicycles GmbH I Koblenz, Germany I Salary: Up to €38,000 I Date Published Tuesday 3rd July 2018

CRC_Logo_620x349-1

Retail Sales Advisor

Chain Reaction Cycles I Belfast I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018