Pitfalls of trying to use someone else's C2W?

[Mars]

My company won't join the C2W scheme so I'm casting around my friends to see if they will let me buy through them.

What are the pitfalls of this? Will their company want to see the bike, or want to see my friend cycling to work on it? Anything else?

[itsnotarace]

http://www.legislation.gov.uk/ukpga/2006/35/pdfs/u...

* "Fraud by false representation" is defined by Section 2 of the Act as a case where a person makes "any representation as to fact or law ... express or implied" which they know to be untrue or misleading.

* "Fraud by failing to disclose information" is defined by Section 3 of the Act as a case where a person fails to disclose any information to a third party when they are under a legal duty to disclose such information.

[Mars]

So, not a good idea then.

[bigandclever]

You'd probably be OK - your mate and their employer would not be.

[anonymous-user]

I've seen worse done, lots of C2W bikes being sold prior to the end of the hire agreement some still in the delivery box to make profit.

Needless to say it is treated as theft & gross misconduct, but I'm sure only a small amount actually gets reported.

It will get harder now with new HMRC guidance on final purchase price and needing an agreed valuation to avoid it.

So unless you're 100% sure your friend is not going to be asked why he hasn't brought the company provided bike in to work, and you can present it at the end of the period for valuation or prepared to pay the HRMC amounts on purchasing.

Then i'd steer well clear, just get a 2010 bike after the Christmas rush.

Edited by anonymous-user on Monday 13th September 12:40

[louiebaby]

OneDs said:

Then i'd steer well clear, just get a 2010 bike after the Christmas rush.

This is very sensible advice. Especially if you happen to be a midget, there are always loads of cheap midget bikes around...