Tag Archives: Pick-up

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. Hendy’s 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 ...

Motor auctions reported a “mixed performance” in the LCV market with concerns raised over the upcoming changes to Benefit-in-Kind tax treatment for double cab pick-up trucks in April. The higher tax costs were announced in the Budget by Chancellor Rachel Reeves. Following the Budget the Society of Motor Manufacturers & Traders raised concerns over double pick-up sales. It said sales fell ...

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. That’s the view from tax expert Michelle Malone at accountancy and advisory firm Xeinadin. “Dealers will remember the issues caused when a change in treatment was last proposed, ...