Any CoDirector/Ltd co setups who use the RideToWork scheme?

[_daveR]

If so how did you set it up?

What structure did you go with? (Co loaning the bike to the employee or employee paying by salary sacrifice etc)

Any advice on it from a general perspective?

Ta.

[_daveR]

Ive seen the dfl site already. The problem I have is that I dont pay myself as my employee, more than minimum wage. So if I went for it then it would have to be loaned from the Co to the employee.

[_daveR]

Isn't there a threshold on value to enable me to claim capital allowances on it though?

[_daveR]

But I am not able to set it up using the sacrifice method as I do not earn above minimum wage, a key requirement set out by the dfl.

My understanding is that I would essentially loan it to the employee and they could then but the asset from the company (at a fair price) after a set amount of time?

Im also on a flat rate VAT scheme which makes for a bit of a pain as I cannot claim back the VAT (although my expenses are generally quite low so the VAT I charge tends to outweigh the VAT I spend.)

Edit: Eric, I was under the impression that the Salary Sacrifice method is the suggested means of payment from Hector/DFL?

Edited by _daveR on Tuesday 20th November 13:38