top of page
  • Farrell & Farrell

UK: HMRC U-Turn on BIK treatment of double cab pickups

HMRC have now announced that just days after the decision to treat double cab pickups (with a payload of more than one tonne) as cars rather than vans wef 1 July 2024, this guidance has now been reversed.   The reversal has been due to lobbying by the farming community and the motor industry.

 

Double cab pickups will therefore continue to be treated as vans under the current rules and the updated guidance (dated 12 February 2024) has been removed from HMRC in this regard.

 

HMRC spokesperson has stated “This will ensure a continued generous and consistent treatment of DCPUs for capital allowances, benefit in kind, and VAT purposes, maintaining simplicity in the tax system.”

 

NB: Double cab pickups with a payload of less than one tonne will continue to be treated as cars.


5 views0 comments

Recent Posts

See All

UK: BOE interest rate held at 5.25%

Despite the inflation rate in May hitting the Bank of England’s target of 2% for the first time in 3 years, the Bank of England has today confirmed that interest rates will be held at 5.25% for the se

Commenti


bottom of page