The HMRC valuation table shows valuation for bikes at different years. Why have you chosen the 6yr value?
We have chosen the 6yr valuation as this is the lowest value and therefore the lowest payment owed to transfer ownership of the bike and safety equipment. The extended hire period increases the age of the bike and related equipment therefore reducing the ‘acceptable disposal value percentage’ to be charged at the end of the period and absolves the use of any Benefit in Kind liability.
