Tax on Pick Ups is changing
6 Jan 2025
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Following a Court of Appeal judgement, the government will treat double cab pick-up vehicles with a payload of one tonne or more as cars for certain tax purposes.
From 1 April 2025 for Corporation Tax, and 6 April 2025 for income tax.
The existing capital allowances treatment will apply to those who purchase double cab pick-up vehicles before April 2025.
Transitional benefit in kind arrangements will apply for employers that have purchased, leased, or ordered a Double Cab Pick Up before 6 April 2025. They will be able to use the previous treatment, until the earlier of disposal, lease expiry, or 5 April 2029.
If you need advice on this matter or any tax advice, give our expert and friendly team a call on 01380 723692 or email us here.
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