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The HMRC valuation table shows valuations for bikes at different years. Can I choose which year to apply the extended hire period?

April 26, 2017bikes different hmrc shows Table valuation valuations year

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The HMRC valuation table shows valuations for bikes at different years. Can I choose which year to apply the extended hire period?

1 Answer

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10 Posted

No. This will place an administrative burden on monitoring the end of individual extended hire agreements. 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.