Expenses and benefits: bikes for employees
As an employer, lending or hiring bikes to employees doesn’t count as an expense or benefit - as long as they’re available to all employees and mainly used for getting to work.
This means:
- you don’t have to report them to HM Revenue & Customs (HMRC)
- you don’t deduct or pay tax and National Insurance on them
Cycle to work scheme
You can use this to set up a ‘cycle to work’ scheme to encourage employees to travel to and from work by bike.
Technical guidance
The following guide contains more detailed information: