Bike to Work

norbatious

Are company directors entitled to bikes etc on the BTWS ?

jinka

na. you guys are in the bar spending money and puting it down to expenses!!!!!!

Beasty

norbatious wrote: »

Are company directors entitled to bikes etc on the BTWS ?

Yes - it must be open to all employees and directors

norbatious

na. you guys are in the bar spending money and puting it down to expenses!!!!!!



Im only an ordinary 3/8 ,but tuesday i seen my boss in the Slane area cycling on a very decent looking Orbea and he is a tight bstard.

Might put in for the BTWS to see what he says.

Lumen

As I understand it you can avail of the scheme as long as you are on PAYE, but check with accountants.

Beasty

Lumen wrote: »

As I understand it you can avail of the scheme as long as you are on PAYE, but check with accountants.

If employed by a company, you will automatically be on PAYE if you are employed in Ireland.

Only companies have directors, and the scheme is specifically open to directors. This is not the case for anyone who is self employed, or in a partnership (such as an accounting or legal firm) (as by definition they cannot be a director), although the scheme is available to people employed by someone who is self-employed or a partnership

The scheme would not, however, be available to a "consultant", although the consultant may be employed by someone else, in which case their employer may offer the scheme

Lumen

Beasty wrote: »

The scheme would not, however, be available to a "consultant", although the consultant may be employed by someone else, in which case their employer may offer the scheme

I'm not sure (not being an accountant) what the relevance of "consultant" is.

I am the proprietary director of a company which provides consulting services. I am therefore a consultant, and a director, and (AFAIK) an employee of my own company for tax purposes. AIUI I am able to avail of the scheme, although I haven't done so yet.

Presumably the important criteria is either director of limited company (in) or self-employed sole trader (out).

Beasty

Lumen wrote: »

I'm not sure (not being an accountant) what the relevance of "consultant" is.

I am the proprietary director of a company which provides consulting services. I am therefore a consultant, and a director, and (AFAIK) an employee of my own company for tax purposes. AIUI I am able to avail of the scheme, although I haven't done so yet.

Presumably the important criteria is either director of limited company (in) or self-employed sole trader (out).

I only mentioned this because some consultancy arrangements involve the consultant spending 100% of their time at a single client - they would not be allowed to join the client's scheme.

In your case you are absolutely right - you can set up your own scheme within the company (and if you have any employees, they would be entitled to participate)

There are also some very large organisations that may look like they are companies, but they are actually partnerships (accounting and legal firms being the obvious examples). The partners in such firms are self-employed, and hence not allowed to join, but their employees can.