richy_B
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I went for 7.5 tonners as I didn't want to worry about being overloaded every day. I know everyone does it but if you get stopped by DVSA or, worse case, in a crash and weighed, you will be in serious trouble. Nearly every arb wagon I see will be coming home at 4.5t so 100% court summons if you encounter police. My 7.5tonners are probably 50% more expensive per year to run but we save time/can do than if we were using 3.5t vehicles.
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For sole traders it maybe different. If you run a LTD and are a director you will be paying BIK on a new double cab and there is a transitional amount for ones you already own.
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Techincally that is called 'incidental use' . So if you were working and stopped for a sandwich it is incidental. If it's your day off and you take a work vehicle to Asda for your weeks shopping it is private use.
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Yes, it's just another nail in the coffin for micro businesses.
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I ran one over with my mulcher. Unfortunately tractor window was open and they were on me in less than 10 seconds. I ran for about 120 metres before they stopped attacking me. Had a long sleeve shirt on which saved me initially although had to discard it after about 60 metres. Had about 25 stings across back and shoulders. Was a scary moment. I have an epi pen in the vans as a consequence of this.
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Seemingly yes, anyone running a double cab pickups through a business will have to include it on their P11D.
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VAT not recoverable. I expect HMRC are going to be gunning for people for the first year to make some examples. It's difficult as industries like forestry/arb/construction/farming have legitimate reason for needing offroad and full towing capability. Its primarily directors of small business buying snazzy looking raptors or X class that's drawn all the attention in my opinion. All on all small businesses have been hit the hard in this budget.
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I don't believe the road tax is changing at this stage.
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This will apply to capital allowance so you cannot offset purchase against your £1m allowance. The biggest issue is benefit in kind taxation (BIK). If you run a pickup at the moment you pay no extra personal tax. From april they will be treated like a Company car so you'll be paying £3-4k per annum (transitional rates for vehicles purchased before April 25). It seems the vast majority of people are unaware if how big a hit this will be. Going to be some big shocks in April.
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I believe only 4 door versions. Single and king cabs seemed to be excluded.
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Unfortunately not - it'll include all double cab pickups regardless of purchase date. "From April 2025, for corporation tax, and from April 6, 2025 for, income tax, it says that double cab pick-ups will be treated as cars for the purposes of capital allowances, BIK and some deductions from business profits. The existing capital allowances treatment will apply to those who purchase double cab pick-ups before April 2025. Transitional BIK arrangements will apply for employers that have purchased, leased, or ordered a double cab pick-up before April 6, 2025"
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Essentially double cabs will be treated as company cars for tax purposes from April 25 meaning potentially high tax charges for employees/directors using them. Double cab pick-ups to be treated as company cars WWW.FLEETNEWS.CO.UK Transitional BIK arrangements will apply for employers that have purchased, leased, or ordered a double cab pick-up before April 6, 2025. "A Ford Ranger, with a list price of circa £48,000 and CO2 emissions of more than 170g/km, would be in the 37% bracket meaning BIK of around £17,700 a year, leading to employee tax of £7,110 a year for a 40% taxpayer or £3,550 a year for a 20% taxpayer. "
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What do people think - Will there a surge in the sales of double cab pickups after Xmas as people scrabble to avoid the tax hike in BIK? Or will a lot of people ride it out for a bit.
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THIS ADVERT HAS EXPIRED!
- FOR SALE
- USED
FOR SALE - Seppi miniforst 175. I am selling our Seppi miniforst 175. We have owned this 5 years and it has been a brilliant tool but as our business has changed it hasn't been getting much use. All working and in good order. Can run it up on our tractor on viewing. Fixed hammer model. 1000rpm. Only needs 1 hydraulic service for the door although we run with 2 for a toplink as I found running it on float on the final pass works well. You will need 80-100hp to run this effectively. Can lift onto a trailer. Over £17k plus VAT new now. £8,500 plus VAT - close offers considered. Full VAT receipt provided. BACS is preferred, no cheques. West London, UB6. 078 254 111 97.£8,500
London - GB
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Most of the time I can't get to the inside, hence the blind rivet but a washer it is a good idea generally. I find the stainless steel rivets superior to aluminium - had quite a few ally ones fail over the years which I believe replace with SS.
