Double cab pickup trucks will no longer be classified as a van for benefit-in-kind purposes.
Popular with company car drivers to pay less tax, and thanks to their often well upholstered interiors, and car-like nicities and ability to take five adults, double cabs with a pyaload in excess of 1 tonne have enjoyed a peaceful tax haven: a flat rate of of £792 for a 20% tax payer or double that for a higher rate 40% tax payer.
However, this is now changing.
From July 2024, double cabs will be classified as cars for benefit-in-kind tax purposes.
As double cabs have, usually, a high CO2 emission, the tax is likely to be punative and usually at 37% of list price. Only Maxus currently makes an electric double cab.
There are transitional rules in place if you already drive or lease a double cab, or have one on order.
According to
| Double cab pick-up | Before (£) | After (£) | Difference (£) |
| Van BIK | 3,960 | 22,200 | 18,240 |
| Fuel BIK | 757 | 10,286 | 9,529 |
| Total BIK | 4,717 | 32,486 | 27,769 |
| Employee tax at 40% | 1,887 | 12,994 | 11,108 |
| Employer NIC at 13.8% | 651 | 4,483 | 3,832 |
| Additional tax and NIC cost | £14,940 | ||
Table source: Fleet News
Concerned about the double cab tax change implications?
Speak to our leasing executives if you have questions about the impact for your business, or if you are a customer driving a double cab. Call 0330 822 4500 or email: sales@cbvc.co.uk.
