What does this mean?
The new government has reversed the previous decision, and from 6 April 2025, double cab pick-up vehicles with a payload of one tonne or more will again be classified as cars for certain tax purposes.
If you already own or purchase a new one before April 2025, the current capital allowances treatment will continue to apply.
Employers who have purchased, leased, or ordered a pick-up before 6 April 2025 will also be eligible for transitional benefit-in-kind (BIK) arrangements, allowing them to use the previous BIK treatment until the vehicle is disposed of, the lease expires, or until 5 April 2029, whichever comes first.
If you would like some help if finding and funding a new Pick up give us a call on 01242 500 007 or head to our Pick Up offers page.