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Cycle to work schemes - HMRC changes/easements
20 January 2021 Julia Ascott, Employment Taxes Specialist
You may not have realised but those employees who are part of your cycle to work scheme who have been working from home due to Covid, would fall foul of the conditions for a tax exemption. This is because the rules state that the equipment needs to be used predominantly for home to work travel.
Thankfully, HMRC have provided an easement to all employees who are part of cycle to work schemes but having to work from home due to Covid. Read KPMGs article setting out the rules and the easement here.The ICAEWs article also includes a link to the Finance Secretary's letter confirming the easement for those of you who want extra credits.
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20 January 2021 
Julia Ascott, Employment Taxes Specialist
