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THE BASEMENT - UNMODERATED This unmoderated section of forum is for Jokes, funny pictures and videos. It's also for members who like to tease each other for fun. No serious stuff, if anyone gets offended, they should sort it out amongst each other. Peace!

 
 
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Old 21-04-12, 10:01
mash101 mash101 is offline
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Join Date: Sep 2011
Location: Near Gatwick UK
Posts: 222
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Company bike purchase

I was told by a mate that you could buy a bike through your business & get it VAT free. I have been trawling the internet for info, & it seems a bike is classed as an asset, not a vehicle by HMRC, so there could be many tax benefits if you are a company owner/director. BUT: it seems the bike would need to be exclusively for business use. Any budding accountants out there got any info about loopholes etc which would allow some personal use too????????
 

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