What's the book value of each bike?
Some countries calculate the taxable benefit from the bike's value rather than what you pay each month. Here are the values for each model.
These are the values to use (including VAT).
| Bike | Value |
|---|---|
| Original | €350 |
| Deluxe 7 | €450 |
| Power 1 | €1,500 |
| Power 7 | €2,000 |
How the value is used
It depends on your country. In the Netherlands, a bike you make available to an employee counts as a taxable benefit. The bijtelling is 7% of the retail value per year, added to your employee's taxable income.
Your costs and tax page explains what applies where you are.
Why it's the bike's value
The figure reflects the bike itself, so it doesn't change with what you pay us, how long someone keeps it, or how much they cycle. Once you know which model someone chose, it's fixed for as long as they ride it.
What your payroll team needs
The model each employee has and the value above. Your invoice shows which bike each person is on.