https://www.autoexpress.co.uk/news/362347/government-major-u-turn-pick-truck-tax-changes
New rules that would have seen company car benefit-in-kind tax charges applied to double-cab pick-ups have been scrapped by HMRC a week after them being announced.
The shambolic U-turn follows HMRC’s decision to update guidance on double-cab pick-up trucks following a Court of Appeal judgement in 2020. Just last week, the Treasury announced that from 1 July this year double-cab pick-ups would no longer be taxed as goods vehicles, but would instead be classed as cars for the purposes of calculating capital allowances and benefit-in-kind (BiK) liabilities for drivers. The measure was supposed to close a perceived ‘loophole’, as the current good vehicle classification allows employees and company directors to benefit from private mileage in company-owned pick-up trucks while avoiding thousands of pounds of company car benefit-in-kind’ tax.
New rules that would have seen company car benefit-in-kind tax charges applied to double-cab pick-ups have been scrapped by HMRC a week after them being announced.
The shambolic U-turn follows HMRC’s decision to update guidance on double-cab pick-up trucks following a Court of Appeal judgement in 2020. Just last week, the Treasury announced that from 1 July this year double-cab pick-ups would no longer be taxed as goods vehicles, but would instead be classed as cars for the purposes of calculating capital allowances and benefit-in-kind (BiK) liabilities for drivers. The measure was supposed to close a perceived ‘loophole’, as the current good vehicle classification allows employees and company directors to benefit from private mileage in company-owned pick-up trucks while avoiding thousands of pounds of company car benefit-in-kind’ tax.
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