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@hippy
"For those of you that are self-employed (or in a partnership) you are able to buy a bike through your business "
Ooh that's just given me an idea...
"Any amounts deducted from your gross salary in excess of the purchase price (net of VAT) would reduce the deduction that they could make from their profits in calculating the amount assessable to tax."
and that sentence sums up (pun on!) why I wasn't an accountant! :)