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Bike to work & tax credits

enfant terrible · 2018-01-14 15:19:31

Hi guys, My brother is asking me to use the bike to work scheme to buy him a bike. I buy it through work and he gives me €500 for the bike. Just wondering will this affect my tax credits going forward at all? Thanks

14-01-2018 4:19pm

#1

enfant terrible

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Posts: 4324

Hi guys,

My brother is asking me to use the bike to work scheme to buy him a bike.

I buy it through work and he gives me €500 for the bike.

Just wondering will this affect my tax credits going forward at all?

Thanks

0

Comments

#2 14-01-2018 6:09pm

Lockedout2

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It has no impact on your credits the amount is deducted from your salary each month before tax.

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#3 14-01-2018 6:30pm

Vizzy

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It is also illegal as the bike has to be for your own use

0
#4 14-01-2018 6:53pm

Kaisr Sose

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enfant terrible wrote: »

Hi guys,

My brother is asking me to use the bike to work scheme to buy him a bike.

I buy it through work and he gives me €500 for the bike.

Just wondering will this affect my tax credits going forward at all?

Thanks

Bike has to be for you! What you outline is tax fraud

0
#5 14-01-2018 7:17pm

magicbastarder

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Posts: 49621

thread closed - what you are asking for information on is tax fraud.

0

This discussion has been closed.