The Governments Autumn Budget Statement in October 2024 re-introduced some significant changes to tax changes affecting double-cab pick ups.
From April 2025 these will be reclassified as cars for tax purposes, impacting capital allowances, expense deductions and very importantly Benefit in Kind Tax.
Our Accountants Johnson Tidsall have produced a guide which we think answers most questions this raises, see the guide here:
What is important now is that to maintain the current beneficial tax position, a replacement must be ordered before the 5th of April. Given order processing times through manufacturers which we expect to be really busy, we would suggest that your order is placed in mid-March.
If this is likely to affect you, please speak to your Sales Exec at your earliest opportunity on 01283 351200
