Tax Efficient tm
I think that's the phrase Brian was searching for.
I looked into that too, I dont' do anythign like those miles - even in my car but I concluded that it wasn't worth it for me. Aside from the BIK for personal use, there's employers NICs to pay on the value of the benefit - and seeing as it's my company and I own half the shares effectively I get to pay twice
That said, if there was no personal use and I could have all the vat back on the purchase, the AIA relief on the cost and all the running costs through the business - that would make quite a difference.
So I guess what I'm saying is - I now need two bikes :-) One for fun and one for
fun work