Pick-Ups to be reclassified for taxation

[Jamie Jones]

FYI: Tax Shake-Up: Double-Cab Pickups Face Massive Hike as HMRC Changes Classification

The double-cab pickup market is about to get a mauling at the hands of HM Revenue and Customs, as dual-purpose vehicles will be considered cars for company benefits taxation starting 1 July 2024.

ALL THE DETAILS HERE >>> https://professionalpickup.com/tax-shake-up-double-cab.../

[agrimog]

about time, it might start to see a realistic pricing returning to the pickup market, working vehicles used far tax loopholes for too long

 

[GarethM]

They're already classed as commercial vehicles, okay they loose out of a lower VED, but that's the same for all commercial vehicles including HGV.

 

The general idea being, they make it up with the large amounts of fuel used.

 

All you'll do is force companies to buy single cab versions and plonk a tool box on the back like the Australians.

 

Are single cab versions classed as cars ?.

[Squaredy]

30 minutes ago, GarethM said:

They're already classed as commercial vehicles, okay they loose out of a lower VED, but that's the same for all commercial vehicles including HGV.

 

The general idea being, they make it up with the large amounts of fuel used.

 

All you'll do is force companies to buy single cab versions and plonk a tool box on the back like the Australians.

 

Are single cab versions classed as cars ?.

I think what is being suggested is double cab pickups will no longer be classed as commercial vehicles but as cars.  This means if your business provide you with a double cab pickup you will get hit with a hefty benefit in kind tax.  Presently they are classed as commercial so attract no benefit in kind.

[Mark Bolam]

They are currently classed as commercial if the payload is over a tonne.

 

A lot are used as ponce-mobiles though.

 

You can tell my Transit is a genuine commercial vehicle from the smell of the cab.

[GarethM]

Just now, Mark Bolam said:

They are currently classed as commercial if the payload is over a tonne.

 

A lot are used as ponce-mobiles though.

 

You can tell my Transit is a genuine commercial vehicle from the smell of the cab.

People wipe their shoes getting out of my L200

[petercb]

So my double cab Ranger is insured as commercial. Will it now be insured as a car? Or are the HMRC just doing their own thing?

[Mark Bolam]

No, because that would be cheaper, and we can’t have that, can we?

[Mike Hill]

5 hours ago, agrimog said:

about time, it might start to see a realistic pricing returning to the pickup market, working vehicles used far tax loopholes for too long

 

 

Do you still drive a Unimog?

 

[GarethM]

4 minutes ago, Mike Hill said:

Do you still drive a Unimog?

Aren't they technically agricultural?

Edited February 13, 2024 by GarethM