Written Question·Treasury·UIN 10533
Cycle to Work Scheme: Self-employed
Tabled: 22 October 2024
Answered: 29 October 2024
Question
Damien Egan
Labour — Bristol North East
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of providing a counterpart to the cycle to work scheme for self-employed people.
Answer
James MurrayThe Cycle to Work scheme is a benefit-in-kind provided by employers to their employees. A benefit-in-kind is a form of non-cash remuneration provided by employers to their employees. Income tax and National Insurance contribution relief is provided on the...
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