Sell the pickups quick

[fred]

all DCPU/ car derived vans are now being taxed as cars from April. Extra £300 a month in tax for higher rate.

arent socialists great.

Autumn Budget 2024: Double cab pickups to be treated as company cars for tax

A move to treat double cab pickup vehicles (DCPUs) with a payload of one tonne or more as cars for certain tax purposes from April 2025 has been announced in th

vanfleetworld.co.uk

 

[Regy53]

i read that as buy pickups quick and run till 2029

 

[Lancs Lad]

i read that as buy pickups quick and run till 2029

Exactly.....

 

[doobin]

i read that as buy pickups quick and run till 2029

Yup. Five years warranty and tax benefits.

For small sole traders it doesn't matter either way. And I'd imagine that's a lot of us. You still get whatever proportion of the VAT that your accountant is comfortable with claiming back- so if you run many vehicles 80% of all running costs across the fleet is not unreasonable, allowing 20% for personal use. Or have a car and tell HMRC the truck is always left at the yard. Your call.

Plenty of folk (insert image of roid fueled gym owner with raptor kitted Ranger here) were royally taking the piss- Coca Cola included. Doubltess they will all switch to commercial Defenders now. Single cab exemption is fine for most genuine companies who need to provide work trucks- and if the employee wanted a double cab to take the family on camping trips- well that's a benefit in kind, isn't it?

 

[Smiffy]

Yup. Five years warranty and tax benefits.

For small sole traders it doesn't matter either way. And I'd imagine that's a lot of us. You still get whatever proportion of the VAT that your accountant is comfortable with claiming back- so if you run many vehicles 80% of all running costs across the fleet is not unreasonable, allowing 20% for personal use. Or have a car and tell HMRC the truck is always left at the yard. Your call.

Plenty of folk (insert image of roid fueled gym owner with raptor kitted Ranger here) were royally taking the piss- Coca Cola included. Doubltess they will all switch to commercial Defenders now. Single cab exemption is fine for most genuine companies who need to provide work trucks- and if the employee wanted a double cab to take the family on camping trips- well that's a benefit in kind, isn't it?

I saw last night super abs are to be taxed as cars aswell so not even allowed somewhere to put your coat.

 

[Lancs Lad]

I saw last night super abs are to be taxed as cars aswell so not even allowed somewhere to put your coat.

I'm all for a tax on Super Abs !

 

[Stroppymonkey]

Yup. Five years warranty and tax benefits.

For small sole traders it doesn't matter either way. And I'd imagine that's a lot of us. You still get whatever proportion of the VAT that your accountant is comfortable with claiming back- so if you run many vehicles 80% of all running costs across the fleet is not unreasonable, allowing 20% for personal use. Or have a car and tell HMRC the truck is always left at the yard. Your call.

Plenty of folk (insert image of roid fueled gym owner with raptor kitted Ranger here) were royally taking the piss- Coca Cola included. Doubltess they will all switch to commercial Defenders now. Single cab exemption is fine for most genuine companies who need to provide work trucks- and if the employee wanted a double cab to take the family on camping trips- well that's a benefit in kind, isn't it?

The annoying thing for some (plant hire companies for one) is that using a DPV (dual purpose vehicle) will get you round the O-Licence laws in some cases (like towing an unloaded trailer over 1030?kg). It has to have rear seats to qualify as a DPV

 

[Monkeybusiness]

I can’t see how it changes much for businesses/farms that use them solely as a work truck - the issues come when staff use them as their ‘company car’ surely?

 

[Stroppymonkey]

I can’t see how it changes much for businesses/farms that use them solely as a work truck - the issues come when staff use them as their ‘company car’ surely?

Not read into that….

 

[doobin]

I can’t see how it changes much for businesses/farms that use them solely as a work truck - the issues come when staff use them as their ‘company car’ surely?

Exactly. sole traders have no issues either.

 

[hiluxman]

The annoying thing for some (plant hire companies for one) is that using a DPV (dual purpose vehicle) will get you round the O-Licence laws in some cases (like towing an unloaded trailer over 1030?kg). It has to have rear seats to qualify as a DPV

Par for the course in the UK, let's have 3 or 4 rules that contradict each other....you know you will get bummed but it depends on which department catches you that day

 

[Lancs Lad]

I can’t see how it changes much for businesses/farms that use them solely as a work truck - the issues come when staff use them as their ‘company car’ surely?

More than that as they've said corp tax and capital allowances etc...

 

[Monkeybusiness]

More than that as they've said corp tax and capital allowances etc...

I cba reading into it (my accountant will give me it in mongo terms at some point I’m sure) but I still think those changes will apply dependant upon use. Though this is pure conjecture on my part!

 

[Regy53]

The loophole is a total loophole that is exploited by probably hundreds of thousands. We included although we use said vehicle to tow etc it is also a vehicle for a staff memeber who uses it commercialy and private.

I have never been a fan of commercial vehicles when private use is in play. I have 90% of my time ran and claimed miles it pays fairly well. What you dont get is tax savings but depending on miles it can offset at 45p a mile

 

[Lancs Lad]

I can't wait till the electric vehicle loophole is closed.

 

[Brendan]

The loophole is a total loophole that is exploited by probably hundreds of thousands. We included although we use said vehicle to tow etc it is also a vehicle for a staff memeber who uses it commercialy and private.

I have never been a fan of commercial vehicles when private use is in play. I have 90% of my time ran and claimed miles it pays fairly well. What you dont get is tax savings but depending on miles it can offset at 45p a mile

Can never see how the mileage allowance works out, except maybe for employees using their own car for occasional work trips or having something with really high mpg.
Once on simplified mileage you can't claim for any expense for that vehicle and that includes the capital expense of the vehicle.
If my maths are right at 10000 miles at 45p is £4.5k, if you do 15k miles a year then next 5k are 25p so another £1250

So £5750 on mileage but if a tank of fuel was £120 and 400 miles to a tank (25mpg average) that's £4500 just in diesel, so on paper £1250 better off on mileage except that soon starts to dwindle when ved is £320, insurance £700 that leaves a £230 difference which don't go far by the time a service is done or any repairs and thats without the capital expense saving on the purchase price

 

[Lancs Lad]

Can never see how the mileage allowance works out, except maybe for employees using their own car for occasional work trips or having something with really high mpg.
Once on simplified mileage you can't claim for any expense for that vehicle and that includes the capital expense of the vehicle.
If my maths are right at 10000 miles at 45p is £4.5k, if you do 15k miles a year then next 5k are 25p so another £1250

So £5750 on mileage but if a tank of fuel was £120 and 400 miles to a tank (25mpg average) that's £4500 just in diesel, so on paper £1250 better off on mileage except that soon starts to dwindle when ved is £320, insurance £700 that leaves a £230 difference which don't go far by the time a service is done or any repairs and thats without the capital expense saving on the purchase price

Just that ..it's a nice add on to running a decent motor but not a patch on running the whole shebang through a company providing it's low bik or commercial , they've also closed or closing the old buyback fiddle

End of day it's horses got courses... commercial suits me perfectly had kombis or pickups for 18 years. Cheap bik and I use it to tow and get up to all sorts of palavers plus weekends trips away.

Ultimately it forces the EV thing onto company car drivers OR.....cash payment instead and most pickup drivers will then go out and buy something older and bigger engined I bet...think v6 discos etc etc that aren't possible to run on bik. So ultimately worse for environment (theoretically apparently so we're told) than modern weasel piss burning diesels...
Expect prices to go up of discos etc al...

 

[DaveDCB]

Exactly. sole traders have no issues either.

It’s pretty much just company car tax classification that’s changed. Either way it’s a 5 year away problem.. unless you’re buying new after April.
Who here actually pays BIK on a pickup anyway? This new change only affects you then.
Our company pickup is just a ‘pool van’, so don’t pay any BIK on it anyway!

 

[Giles]

Single cab pickup life wouldn’t be so bad with this bad boy

 

[DaveDCB]

Single cab pickup life wouldn’t be so bad with this bad boy

Cash machine removal pro