Following years of debate, HMRC have ruled that Double Cab Pick-Ups are to be classified as Company Cars from 1stJuly 2024.
The Double Cab Pick-Up has long since been a favored option for company vehicle drivers looking for a utility vehicle that they can use privately without being hit hard for company car tax. However, from 1st July 2024, almost all Double Cab Pick-Ups will be treated in the same way as a regular car.
Frustratingly, the knock-on effect also means any fuel benefit that the employee previously enjoyed will also fall into line with that of regular cars. Employers’ costs will also rise as National Insurance increases in line with the revised classification.
There is, however, a stay of execution for exiting fleets and those vehicles on order. Those Double Cab Pick-ups that are either on fleet or even just on order before 1st July 2024 will remain under the old rules either until disposal (sale or end of lease) or 5th April 2028.
So, the clock is now ticking to place any Double Cab Pick-Up orders required on fleet in the future before July 2024!
