Is it the death of the Double Cab Pick Up? I think not!
Following on from HMRC’s quiet announcement last week regarding the tax treatment of the Double Cab Pick Up from July 2024, HMRC have now completed a 3-point turn and reversed their decision.
The government has thankfully listened to views from farmers and the motoring industry on the potential impacts of their proposed change and as a result Double Cab Pick Ups will continue to be treated as goods vehicles for tax purposes so long as they have a payload of one tonne or more (Double Cab Pick Ups with a payload of less than one tonne will continue to be treated as cars).
If you are unsure what the tax treatment is for your business vehicles or you require any tax advice in general, please do not hesitate to contact the team on 028 87724697, or alternatively email orla.mallon@gildernewandco.com and we will happily assist you.
Update on HMRC Double Cab Pick Up Guidance – GOV.UK (www.gov.uk)
Posted on February 21, 2024