Avoid double cab ‘hiccups’!
HMRC has issued new guidance on a change in the interpretation of how Double-Cab Pickup (DCPU) vehicles should be classified for car benefit, capital allowances, and certain deductions from business profits. Previously, HMRC accepted that if a DCPU had a payload of 1 tonne or more, it was classified as a goods vehicle rather than a car, making it eligible for beneficial capital allowances and favourable benefit-in-kind treatment. Following the government’s announcement in the Autumn Budget 2024, from April 2025 (1st for companies, 6th for individuals), HMRC will no longer apply the payload test. Instead, the classification will be based [...]