Making a corporate contribution to H2 membership is a tax efficient means of providing an employee benefit. Your company saves corporation tax on the amount you pay towards membership of H2 clubs. If you subsidise 100% of the cost you can reclaim all the VAT*. Check how much you can save.

Which Club are you interested in joining?

Soho

Is the company registered for VAT and can it reclaim all VAT on its purchases?

Yes No

Enter the number of memberships required?

Enter the contribution you are willing to make?

%

What type of memberships are you interested in?

Peak Off-Peak

Would your contribution include these additional services?

Towel rental £0.00 No Yes Standard locker hire £9.99 No Yes Premium locker hire £16.99 No Yes Deluxe locker hire £32.99 No Yes

Corporate Costs

 

Your payment to H2 Clubs (per annum)
VAT reclaimed from HMRC (per annum)
National Insurance Contributions	**
Your saving on Corporation Tax	***
Net annual cost to your company

 

Corporate Savings

 

Annual cost to the employee	****
Saving for the employee on annual cost of H2 membership

 

For a bespoke comparison please contact doyou@h2bikerun.co.uk
*	The 100% Corporate subsidise needs to be available to all employees.
**	Class 1A National Insurance Contributions are payable annually to HMRC at 13.80%
***	Corporation tax is assumed at 21%. Companies with annual profits greater than £300,000 will save more corporation tax than the 21% used in this calculator.
****	The net annual cost to the employee is based on a higher rate tax payer paying income tax at 40%.
This calculator has been prepared to the best of our ability based on the knowledge available to as at this time. It should only be treated as a guide to the benefits that may be available to you. H2 does not accept any liability whatsoever for any decisions taken by any party based on any output from using this calculator.