Tax break proposals aim to boost cycling to work
New report by British Cycling suggests tax incentives for employees and businesses, to encourage bike commuting
Wednesday 9 November 2016 07.01 GMT
People should receive £250 a year in tax breaks if they cycle to work, according to a proposal to improve public health and business productivity backed by some of the UK’s biggest companies and the Paralympian Dame Sarah Storey.
According to a report published by British Cycling, businesses should be able to claim back in tax up to £100,000 in construction works such as bike parking, showers or other cyclist facilities.
The study, written by tax barrister Jolyon Maugham QC, was produced for British Cycling’s Choose Cycling network of businesses, whose supporters include Tesco, GSK, Santander and Coca-Cola.
The campaign has received support from Storey – her first involvement into agitating for everyday cycling after reaching 14 gold medals at the Rio Paralympics earlier this year, having won three golds on the road and one in the velodrome.