Hendy Group is aiming to drum up sales of double-cab pick-ups ahead of the increase in Benefit-In-Kind (BIK) charges takes effect on 6 April. Hendyโs BIK campaign will run throughout March and will be profiled through its website and social media channels. In the 2024 Autumn Budget, HMRC announced that double cab pick-ups with a payload over one tonne will ...
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Budget tax move hammers one tonne double cap pick-ups
Double cab pickups with a payload of one tonne or more will be classed as cars for benefit in kind and capital allowance purposes, greatly increasing the tax cost of these vehicles. Thatโs the view from tax expert Michelle Malone at accountancy and advisory firm Xeinadin. โDealers will remember the issues caused when a change in treatment was last proposed, ...
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