Section 244 ITEPA 2003

If an employer lends or hires cycles or cyclists' safety equipment to employees the benefit of this is exempt from tax on employment income if the following conditions are satisfied:

the cycles or equipment are available generally to all employees of the employer (this does not mean that every employee has to be provided with a bicycle or equipment, just that the offer of cycles or equipment is open to all employees if they wish to take it up) and

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