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Cycle to work scheme - The Atomic Bike Company Ltd.

We are partners of Cyclesheme, promoting the government's green Cycle to Work initiative, and the UK’s number one provider of tax free bikes for work through independent bike shops.
Employees can take advantage of huge tax-free savings on new bikes and equipment by paying monthly, saving VAT, income tax and national insurance. The scheme operates through either a hire-agreement with your employer or a salary sacrifice scheme. Examples of savings are below:

	Higher rate of tax	Basic rate of tax
Bike package retail price	£1,000	£1,000
VAT saved*	£148.94	£148.94
Income tax & NI saved	£348.93	£280.85
Monthly repayments from gross salary	£70.92	£70.92
Net monthly payments	£41.84	£47.52
Total cost of bike package	£502.13	£570.21

*(VAT saving is not applicable to all companies)
Employers can save money also: the tax and national insurance they would normally pay is saved on the amount they take from their employees salary for the cost of repaying the bike. VAT can also be reclaimed if your company is VAT-registered. The cost of the bikes can also be offset against capital gains allowances.
The steps to getting a Tax-Free bike for work are simple:

Visit our shop or choose your bike and equipment online - we will issue you with a quote for your bike package.
Enter your quote online using the link supplied by your employer
After an eligibility check a hire agreement will be sent to your employer or directly to you.
After returning your signed hire agreement you will be sent a secure voucher
You redeem the voucher on production of photographic ID at our shop

More information can be found at www.cyclescheme.co.uk