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Bike to work scheme? Internet sales

  • 01-02-2011 2:09am
    #1
    Lazairus
    Registered Users, Registered Users 2 Posts: 303 ✭✭


    Bike to work scheme

    I was looking into a particular bike , the info pack states that you can purchase the bike anywhere, Do you have any experience with this?

    the bike is located in the USA.


    thanks

    CH


Comments

  • #2
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 77,653 Admin ✭✭✭✭✭Beasty


    Lazairus wrote: »
    Bike to work scheme

    I was looking into a particular bike , the info pack states that you can purchase the bike anywhere, Do you have any experience with this?

    the bike is located in the USA.


    thanks

    CH

    In theory your employer can buy the bike from the USA, but they will have to pay import duty, and then self-assess VAT, so I suspect this significantly impact on any potential savings


  • #3
    browneire
    Registered Users, Registered Users 2 Posts: 111 ✭✭browneire


    AFAIK Vat will be charged at 21% and customs duty @ 5%. Not sure how accurate this site is but seems to tie in with what I thought - http://www.dutycalculator.com

    Also, if you have a read of the revenue guidance document from http://www.bikescheme.ie/get-info-pack . under the FAQ's the bike can be bought (by the employer) anywhere.


  • #4
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 77,653 Admin ✭✭✭✭✭Beasty


    Customs duty on complete bikes is 14%, and VAT is added to the duty-inclusive price, making a total "tax" outlay of just under 38% on top of the purchase price and delivery charges


  • #5
    Lemag
    Registered Users, Registered Users 2 Posts: 2,508 ✭✭✭Lemag


    Lazairus wrote: »
    Bike to work scheme

    I was looking into a particular bike , the info pack states that you can purchase the bike anywhere, Do you have any experience with this?

    the bike is located in the USA.


    thanks

    CH
    Buying outside the EU is likely to work out very expensive with duty and transport costs. If buying from inside the EU all you have to do is ask whichever company you'd be buying it from to zero the VAT on the invoice which your employer will have to pay. Once your employer has paid this they then add on the Irish VAT rate at 21% (currently) on to whatever amount they were invoiced for and they then subtract this new total from your gross wage as a lump sum or as agreed installments over a maximum of 12 months.

    I bought a bike from a German site using the BTW scheme.


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