ir 176 green travel plans

On 24/9/04 5:22 pm, in article
[email hidden], "james"

Quoted message said:

My employer (big four accountants) introduced the tax free computers
scheme this year. It is clearly a leasing arrangement where you are
responsible for insuring the computer against loss or damage and there
is an included maitenance plan which you are responsible for using to
ensure that the asset is in working order at the end of the lease.
You have the option of buying it for market value at the end of the
lease (This is presumed to be pretty much nothing). The main
differences between bikes and computers seem to me to be that a PC has
a much clearer low-to-zero residual value after 3 years and they are a
commodity item so they are much easier to make financial rules and
assumptions around. I asked the my firm whether they planned to
introduce tax free bikes and got this reply:

Quoted message said:

Please be assured that [companyname] constantly monitors the benefits
available in the

market place, and a dedicated team rigorously assesses the suitability of
new

initiatives.

Quoted message said:

In this instance in depth discussions did take place with [companyname] tax
advisors
regarding the possibility of adding the Government's Bike Initiative to the

current range of benefits.

Quoted message said:

Due to the fact that it is not completely apparent as to how the Inland
Revenue would perceive the residual value of the equipment at the end of the
hire period the initiative was not adopted for the forthcoming Choices year.

Can anyone comment on a scheme that they know the details of or from a
position of knowledge of the IR's thinking on this?

This being usenet I will contribute from a position of ignorance.

I would assume that the company would arrange the lease to be such that the
costs were met by the end of the lease, the residual market value then being
0 (or arrange the lease to be such that the residual market value is what
you pay at the end, and end up with a net zero outlay.)

...d

james said:

Can anyone comment on a scheme that they know the details of or from a
position of knowledge of the IR's thinking on this?

Booost etc use a 3 year residual value/final payment of about ten quid.

in message <[email hidden]>, james

(') said:

My employer (big four accountants) introduced the tax free computers
scheme this year.

We, being a very small employer, bought a bike for an employee last year
in lieu of bonus. Between VAT and PAYE she got in effect £800 off the
£2200 price of the bike. This was all, according to our accountant,
entirely kosher provided she uses the bike for getting to work. Which
she, err, sometimes does.

--
[email hidden] (Simon Brooke) http://www.jasmine.org.uk/~simon/

;; Diplomacy, American: see Intelligence, Military

In article <[email hidden]>,

Simon Brooke said:

in message <[email hidden]>, james

(') said:

My employer (big four accountants) introduced the tax free computers
scheme this year.

Hmmm, do they begin with a K and (being in bed with M$) keep all their
computers firmly in virus-central?

Quoted message said:

We, being a very small employer, bought a bike for an employee last year
in lieu of bonus. Between VAT and PAYE she got in effect £800 off the
£2200 price of the bike. This was all, according to our accountant,
entirely kosher provided she uses the bike for getting to work. Which
she, err, sometimes does.

Yeah, we believe you:-)

I'm just contemplating whether we can afford some kind of a folder
through the (even smaller) company, for an employee who needs to
travel on business both locally and by train. Needs one that's
going to be a reasonably pleasant ride, 'cos it's too far and hilly
to get to the nearest station in any kind of comfort on a brompton.

--
Nick Kew

Alex Salmond - thank you for saying the obvious. Can you repeat what
James VI did, for us poor sassenachs with no acceptable leaders?

Nick Kew said:

it's too far and hilly
to get to the nearest station in any kind of comfort on a brompton.

Is this comment based on experience of using Bromptons?

What kind of distance and what kind of hills are you talking about?

The standard gearing on a Brompton covers the same range as on my road
bike, and then you can get the reduced gearing option. As for comfort,
I'm not the best person to comment, but going by what people say
(various regular URC contributors and other people I know that ride
Bromptons) I don't imagine that comfort would be a serious concern.

d.

In article <[email hidden]>,

davek said:

Quoted message said:

it's too far and hilly
to get to the nearest station in any kind of comfort on a brompton.

Is this comment based on experience of using Bromptons?

No, only of another small-wheeled hub-geared folder in the distant past.
My friendly LBS in Tavistock - who knows I regularly cycle into Plymouth
- told me I shouldn't even think of it.

Quoted message said:

What kind of distance and what kind of hills are you talking about?

The hills in question are called Dartmoor. Actually many of the
hills are outside the NP - crossing the valleys of the Tavy or
Tamar rivers is something of a slog.

--
Nick Kew

Alex Salmond - thank you for saying the obvious. Can you repeat what
James VI did, for us poor sassenachs with no acceptable leaders?

Nick Kew said:

The hills in question are called Dartmoor.

That puts a different slant on the matter!

d.

On Fri, 24 Sep 2004 17:35:07 GMT, Simon Brooke <[email hidden]>
wrote (more or less):

Quoted message said:

in message <[email hidden]>, james

(') said:

My employer (big four accountants) introduced the tax free computers
scheme this year.

We, being a very small employer, bought a bike for an employee last year
in lieu of bonus. Between VAT and PAYE she got in effect £800 off the
£2200 price of the bike. This was all, according to our accountant,
entirely kosher provided she uses the bike for getting to work. Which
she, err, sometimes does.

And as long as she uses it even less for other things, still entirely
legal! :-)

--
Cheers,
Euan
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