Will HMRC’s decision impact road tax and insurance premiums for double cab pickups?

2024-02-23T12:17:05+00:00

The decision by HMRC to maintain the classification of double cab pickup trucks as commercial vehicles for tax purposes primarily impacts tax treatment, such as VAT reclaimability and Benefit in Kind (BiK) rates. However, it indirectly affects road tax and insurance premiums as well: Road Tax Direct Impact: The classification of a vehicle as a

Will HMRC’s decision impact road tax and insurance premiums for double cab pickups?2024-02-23T12:17:05+00:00

Can businesses still reclaim VAT on double cab pickup purchases?

2024-02-23T12:06:51+00:00

Yes, businesses can continue to reclaim VAT on double cab pickup purchases, provided these vehicles are used for business purposes. This is due to HMRC's reversal of their decision to reclassify double cab pickups as cars for tax purposes, maintaining their status as commercial vehicles. The ability to reclaim VAT is a significant advantage for

Can businesses still reclaim VAT on double cab pickup purchases?2024-02-23T12:06:51+00:00

When was the HMRC Double Cab Pickup reversal announced?

2024-02-23T12:19:02+00:00

On Monday 12 February 2024 HMRC updated its guidance on the tax treatment of Double Cab Pick Ups (DCPUs), following a 2020 Court of Appeal judgment. The guidance had confirmed that, from 1 July 2024, DCPUs with a payload of one tonne or more would be treated as cars rather than goods vehicles for both

When was the HMRC Double Cab Pickup reversal announced?2024-02-23T12:19:02+00:00

What has HMRC reversed regarding double cab pickup trucks?

2024-02-23T11:58:34+00:00

HMRC reversed its decision to reclassify double cab pickup trucks as cars for tax purposes. This reversal means that double cab pickup trucks will continue to be classified as commercial vehicles for tax and VAT (Value Added Tax) purposes, maintaining the tax advantages previously available to owners and users of these vehicles, such as more

What has HMRC reversed regarding double cab pickup trucks?2024-02-23T11:58:34+00:00
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