In the 2024 Autumn Budget, HMRC introduced a change in the legislature regarding the tax treatment of double cab and extended cab pick-ups, which will affect both businesses and employees who use these vehicles.
What is changing?
Vehicles purchased from April 2025 will no longer be classed as commercial vehicles for tax purchases. Instead, they will be classed as company cars for:
- benefit in kind (BIK) taxation
- capital allowances
- certain business profit deductions
BIK Tax
Double cab pick up owners who previously benefitted from the flat rate of £3,960 will instead be subjected to the equivalent car BIK rate which can vary from 2% - 37% based on the vehicle's CO2 emissions.
Capital Allowances
For Capital Allowance purposes double cab pickup trucks will move from the ‘plant and machinery’ classification and be subjected to company vehicle rates which vary between 6% - 18% again based on the vehicle’s CO2 emissions.
Existing owner or looking to purchase?
HMRC has introduced a transitional period for current owners and those who purchase (or make firm order) before the 6th April 2025 rule change. Here you will have the existing treatment until the earlier disposal, lease expiry, or 5th April 2029, whichever comes first.
Don’t miss out on the opportunity to secure your Isuzu D-Max at current rates before the changes take effect. There’s never been a better time to experience the unmatched capability, durability, and safety of the Isuzu D-Max.
We have a range of new and pre-registered double cabs in stock. Book your test drive today and place your order now to lock in your purchase ahead of the price hike—act fast to avoid the increased costs!
Orders need to be placed, even if delivered later, by 4th April 2025.