Pickup truck

Pickup truck

Double-cab pick-up trucks are facing a significant tax increase as they lose their commercial vehicle status. Starting from 1 July 2024, changes to benefit-in-kind rules will affect all double-cab pick-up trucks. This means that anyone purchasing a pick-up truck after this date will be subject to higher taxes.

Changes to benefit-in-kind rules

The changes to benefit-in-kind rules will have a major impact on the affordability of pick-up trucks. Previously, these vehicles were considered commercial vehicles and enjoyed lower tax rates. However, with the new rules, they will be treated as regular passenger vehicles, resulting in higher taxes for owners.

Implications for pick-up truck buyers

Anyone planning to purchase a double-cab pick-up truck should be aware of the upcoming changes in benefit-in-kind rules. The tax hike will significantly affect the cost of owning and running these vehicles. It is important to consider these additional expenses when making a decision to buy a pick-up truck after 1 July 2024.