Hi Guys
My work have offered the scheme once, six months ago. They were due to make the scheme available again in January (just gone).
Then the scheme was reviewed and has been subsequently scrapped due to "tax disputes and the level of complication invlolved".
Hopefully someone here would know a bit more about the scheme generally and be able to let me know if my work are being truthful or if its just because they can't be ar$ed with it anymore.
There is a theory / rumour that the scheme was only brought in when a new member of HR wanted a bike and now they have it they dont want to continue running the scheme.
So, is it difficult to administer, are there tax complications that would force a company to cancel the scheme? I find this hard to believe and if it is true why is the scheme not easier to administer?
Cheers
Locky