Taxation changes for double-cab pick-up trucks with a payload of 1.0t or more have been announced by the UK Government.
In its full Autumn Budget document, the government has said that these vehicles will be treated as cars for certain tax purposes, from 1 April 2025 for Corporation Tax, and 6 April 2025 for income tax.
It has said this will include for the purposes of capital allowances, benefit in kind, and some deductions from business profits.
The government says the existing capital allowances treatment will apply to double-cab pick-ups purchased before April 2025, while transitional benefit in kind arrangements will apply for employers that have purchased, leased, or ordered a double-cab pick-up before 6 April 2025.
Changes to double-cab pick-up tax were previously announced earlier this year by the previous government, but were then subject to a U-turn.
