C
Clive George
Guest
I'm now confused. I think I know what the rules are (bike belongs to
employer, should be used for qualifying journeys), but reading the relevant
act is confusing me.
http://www.hmrc.gov.uk/taxes_act_2002/vol_02/ictapt05/ictapt05a-38.htm
1) There is no charge to tax (etc).
(3) The exemption conferred by subsection (1) above is subject to the
condition that the employee must use the cycle or safety equipment mainly
for qualifying journeys.
(4) The exemption is also subject to the condition that the employee must
use the cycle or safety equipment only for qualifying journeys.
For this purpose "qualifying journey", in relation to an employee, means a
journey-
(a) between his home and workplace, or
(b) between one workplace and another,
in connection with the performance of the duties of the employment.
Why do these two exemptions appear to disagree? 3 says 'mainly for
qualifying journeys' - fair enough. 4 says 'only for qualifying journeys',
which appears to be a) wrong and b) directly contradicting 3.
Help! My brain is melting...
cheers,
clive
employer, should be used for qualifying journeys), but reading the relevant
act is confusing me.
http://www.hmrc.gov.uk/taxes_act_2002/vol_02/ictapt05/ictapt05a-38.htm
1) There is no charge to tax (etc).
(3) The exemption conferred by subsection (1) above is subject to the
condition that the employee must use the cycle or safety equipment mainly
for qualifying journeys.
(4) The exemption is also subject to the condition that the employee must
use the cycle or safety equipment only for qualifying journeys.
For this purpose "qualifying journey", in relation to an employee, means a
journey-
(a) between his home and workplace, or
(b) between one workplace and another,
in connection with the performance of the duties of the employment.
Why do these two exemptions appear to disagree? 3 says 'mainly for
qualifying journeys' - fair enough. 4 says 'only for qualifying journeys',
which appears to be a) wrong and b) directly contradicting 3.
Help! My brain is melting...
cheers,
clive