There is a slight revision to IR176 rules in the Budget.
According to our local paper:
" The benefit in kind rules of bicycles and computers have also been
revised. From April 6, 2005, where a computer or bicycle is loaned to an
employee and subsequently purchased by the employee there will be no charge
to tax if the asset is sold to the employee at market value."
...d
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"Instead of wasting hundreds of millions of pounds on compulsory ID cards as
the Tory Right demand, let that money provide thousands more police officers
on the beat in our local communities" Tony Blair 1995
"The liberty of the subject should be taken away, not by the act of a
politician but by a court of law." Tony Blair 1994