Well-off London cyclists face being clobbered by 'Mamil Tax' in Rachel Reeves Budget - The Chancellor appears to have in her ...

The FT quotes an estimate by HM Revenue and Customs that Cycle to Work cost £130m in lost Treasury revenue in 2024-25, due to the income tax not collected on purchases made via salary sacrifice, an ...

Wealthy cyclists are set to be targeted by Rachel Reeves in the Budget with a plan to cut a tax break for buying bikes, ...