These petrol and diesel owners face £15,000 car | Tech News
Instead, autos must pay tax spending on the quantity of emissions fashions produce, with the very best polluting petrol and diesel vehicles most affected.
With most double cab pick-ups carrying diesel engines, charges are set to rise dramatically, damaging drivers’ wallets.
Car restore and servicing specialists at Bumper recommended some street customers may see payments hit an eye-watering £15,000.
Bumper defined: “The new pick-up truck tax changes will depend on what kind of vehicle you own. Let’s quickly look at an example.
“If you drive a company-owned vehicle that falls into the highest BiK bracket for company cars, you may end up paying as much as £15,000 per year. This is almost three times the current flat rate for light commercial vehicles.
“It’s a significant hit for tradespeople who depend on these trucks for their work.”
A double cab pickup truck is assessed as a vehicle with two rows of entrance seats and an open load space behind it.
However, companies have been handed a lifeline with transitional preparations in place.
Companies who buy or lease a double cab pick-up earlier than 6 April 2025 can use the prevailing charges till April 2029.
Meanwhile, there have been issues that employers transferring a double cab pick-up to a different worker would even be caught out.
However, HM Revenue and Customs (HMRC) not too long ago burdened that this was not the case, with corporations nonetheless in a position to deal with the model as a van for tax functions till 2029.
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