Cyclescheme at Triton Cycles

Welcome to our Cyclescheme page , Cyclescheme is the UK’s number one provider of tax free bikes for work through independent bike shops. They pride themselves in giving you the best service available with the minimum of administration. The scheme is run in strict accordance to the government’s green travel plan and conforms to the requirements of the HMRC, OFT and DfT. They also provide hire agreements for employees and a free secure website for voucher processing. This extranet site is password protected and enables you to manage employees’ applications with the click of a mouse.

How it works

• You sign up with Cyclescheme; you're given access to our online system.
• Employees visit one of over 1,000 participating bike shops to select the bike and equipment that they want; they will be given a paper quote. They use Cyclescheme's online tool to apply for your chosen package by entering the details online and requesting a secure voucher.
• Once an employee requests a secure voucher, you confirm eligibility and approves the request. Cyclescheme will send you an invoice for the bike package, and a hire agreement is sent to the empoyee to sign.
• As soon as the bike is paid for, the secure voucher is sent to the employee.
• The employee contacts their chosen bike shop to arrange collection.
• You reclaim VAT in the normal way (if applicable) and the balance of the bike is deducted via salary sacrifice. At the end of the hire period,the employee pays a Fair Market Value payment to make the bike theirs. Cyclescheme can collect this payment for you.

How to start up the scheme

• When you're ready, you can click here to register

If your using your Cyclescheme voucher against a bike on special offer a surcharge of 10% will be added to the price of the bike to cover costs incurred by us and the commission taken by Cyclescheme.