Company bike..?

Discussion in 'Lounge' started by figaro, Jan 10, 2013.

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  1. I'm sure we've had this conversation before, but what connotations are there for putting a bike through the company books? Not me, sadly, my brother's thinking about buying a Panigale through his company, but seems to think getting it insured as a company vehicle will be prohibitively expensive. Anyone got experience..?

    (If it comes off I'll talk him into giving me a company loan to buy his 1098S off him:wink:)
     
    #1 figaro, Jan 10, 2013
  2. I run my bike through my company, 40% tax loss, i have normal insurance but class 1 business use.
     
    #2 PeterT, Jan 10, 2013
  3. So he can insure it privately but just add business use?
     
    #3 figaro, Jan 10, 2013
  4. The 'Company Bike' is usually part of the training, HR or Marketing department where I've been employed before. I don't think they particularly insured her, but given the low risk involved I think she was pretty cheap! :p
     
    #4 Royum, Jan 10, 2013
    • Like Like x 2
  5. Oo-err, I think he's just pulled the trigger...sent me a pic of a lovely looking white Pani :upyeah:
     
    #5 figaro, Jan 10, 2013
  6. Can someone lend me a Hayabusa for our next touring trip..? I had enough feckin' trouble keeping up with his 1098:eek:
     
    #6 figaro, Jan 10, 2013
  7. Thought this was a thread about the girl on reception :frown:
     
    #7 El Toro, Jan 10, 2013
  8. He'll be fine:I've had 4 brand new bikes on my firm,claimed back all the VAT,all the clothing/rrunning costs etc etc.Had VAT inspections since no issues.Only thing is,it has to be company use only...ahem....I only use mine for meetings and parts delivery....
     
    #8 Lightning_650, Jan 10, 2013
  9. And they are always done at the weekend :upyeah:
     
    #9 El Toro, Jan 11, 2013
  10. Bike comes under plant and equipment, i claim eveything including a new helmet every year and new leathers boots etc as it is classed as safety equipment. I have just had another VAT inspection and is no problems. I am not in the motor trade but in recruitment.
     
    #10 PeterT, Jan 11, 2013
  11. Nice work fellas, I'll let him know.
     
    #11 figaro, Jan 11, 2013
  12. It is
     
    #12 Char, Jan 11, 2013
  13. I told you about the receptionist at Mclaren didn't I?

    They call her Narnia:

    Hair of a lion
    Face of a witch
    Body of a wardrobe:biggrin:
     
    #13 figaro, Jan 11, 2013
    • Like Like x 1
  14. there you go fig, company bike for you, even room for your gauges and vac pump View attachment 10037
     
    #14 kev cornwall, Jan 11, 2013
  15. Kev, I've got a 12kg bottle in my rucksack before now...
     
    #15 figaro, Jan 11, 2013
  16. LIGHTNING 650 & PETERT
    are you in an area of work that a bike could be used in your working day?, being an engineer with a van, would love to get a bike and claim all my vat back and write the cost of the bike off as " plant and equipment" cant think my accountant would ware it though
     
    #16 kev cornwall, Jan 11, 2013
    Last edited: Jan 11, 2013
  17. ha ha, bet that killed you, was talking to an engineer from swanley kent the other day who supplyed all the fridge for a shop in the olympic stadium, and it broke down lol, had to go fix using the tube etc as no van allowed, lucky it was something silly, if it was me it would have been a comp or something!
     
    #17 kev cornwall, Jan 11, 2013
  18. We had to remove a 4ft diameter ventilation fan from one of the shooting galleries mid-Olympics. That was fun...
     
    #18 figaro, Jan 11, 2013
    • Like Like x 1
  19. I run my own company, and my clients are all over the south east and london.
     
    #19 PeterT, Jan 11, 2013
  20. so you could say best way to get round london would be a motorcycle : ) , i would buy that if i was a accountant and more importantly a tax man
     
    #20 kev cornwall, Jan 11, 2013
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