Articles on the tax incentives for buying pick up trucks?

bikes · 2024-01-11T21:45:27+00:00

I can't find any articles questioning the UK's (and maybe other countries'?) tax incentives for buying these vehicles. The pick ups I see aren't being used for carrying building materials, they just look like they're being used as company cars. I'm surprised there isn't more questioning of the policy, unless I've missed something? Thanks to AidanR for this summary under the Road.cc article "SUVs more dangerous [...] " "The tax benefits are threefold when purchased as a company vehicle: 1) Much lower benefit in kind rates for employees and employers than cars, which aren't linked to CO2 emissions. 2) Ability to recover VAT paid, unlike cars. In theory VAT recovery for a doublecab pick-up should be apportioned for private use, although how often that happens in practice I don't know. 3) 100% relief against corporation tax in the year of purchase, rather than 18% or 8% per year for a car."

This topic has 38 replies, 21 voices, and was last updated 2 years, 3 months ago by bikes.

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January 11, 2024 at 9:45 pm #32775

bikes

I can’t find any articles questioning the UK’s (and maybe other countries’?) tax incentives for buying these vehicles. The pick ups I see aren’t being used for carrying building materials, they just look like they’re being used as company cars. I’m surprised there isn’t more questioning of the policy, unless I’ve missed something?

Thanks to AidanR for this summary under the Road.cc article “SUVs more dangerous […] “

“The tax benefits are threefold when purchased as a company vehicle:

1) Much lower benefit in kind rates for employees and employers than cars, which aren’t linked to CO2 emissions.

2) Ability to recover VAT paid, unlike cars. In theory VAT recovery for a doublecab pick-up should be apportioned for private use, although how often that happens in practice I don’t know.

3) 100% relief against corporation tax in the year of purchase, rather than 18% or 8% per year for a car.”
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February 25, 2024 at 8:35 pm #1020121
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bikes

Wow, how disappointing. The
Wow, how disappointing. The flood of massive, subsidized pick-ups continues.

February 20, 2024 at 3:11 pm #1020119
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bikeman01

Re 2 – VAT can be reclaimed

Re 2 – VAT can be reclaimed if the car is used solely for business.

None of what your complaining about affects company purchasing decisions since 99% of vehicles are leased to companies.

February 20, 2024 at 2:50 pm #1020117
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andystow

I propose that any brand new

I propose that any brand new pickup truck being registered as a work vehicle must not be permitted to leave the dealership without five minutes of scuffing up the bed with 80 grit paper on a random orbit sander.

February 20, 2024 at 9:23 am #1020115
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ROOTminus1

Which lobby has a vice grip
Which lobby has a vice grip on Nigel Huddleston’s testicles so tight he’s willing to ditch the presumably months of work to get the ammended guidance in place, before sacking it off the very next Monday morning?

Spineless, disgusting waste of time, money and oxygen

February 20, 2024 at 7:51 am #1020113
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Left_is_for_Losers

Hirsute wrote:

Hirsute wrote:
WITHDRAWN https://www.gov.uk/government/news/update-on-hmrc-double-cab-pick-up-guidance More wankpanzers

Excellent news, welcome relief for the hard-working people of Britain.

February 19, 2024 at 7:51 pm #1020111
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don simon fbpe

Quote:

“It was tough,” she says. “It became an unhappy marriage, so I compensated by buying diamonds, expensive holidays and cars. I bought a lot of cars.”

We’ve all been there, sweetheart.

February 19, 2024 at 7:33 pm #1020109
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chrisonabike

Hoorah! Hard-working

Hoorah! Hard-working entrepreneurial mothers on benefits (e.g. Baroness Mone*) will be able to get their kids to school and keep the NHS running without fear of financial ruin from unelected civil servant jobsworths policing capricious government sumptuary laws (is this right?)

* Apologies – think she favours a different kind of expansive vehicle.

February 19, 2024 at 7:12 pm #1020107
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Hirsute

WITHDRAWN
WITHDRAWN

https://www.gov.uk/government/news/update-on-hmrc-double-cab-pick-up-guidance

More wankpanzers

February 19, 2024 at 5:14 pm #1020105
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wtjs

People who the forelock

People who the forelock-tugging police consider toffs are automatically inducted into the Lancashire Prestige Club, so they never have to think of MOT for their new vehicle: MF70 VKS

February 19, 2024 at 4:56 pm #1020103
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wtjs

I’m assuming you’re well

I’m assuming you’re well aware that all this stuff was emphasised to the police -and Andrew Snowden, Lancashire PCC, when the police were clearly following their Standard Operating Procedure and doing nothing at all, while making no response. Snowden initially said ‘nothing to do with me, it’s an operational decision of the police’, and then began to refuse to reply as well. Note that neither body has offered any explanation like ‘he’s an undercover police officer’ or ‘it’s a mistake that all his MOTs and VED payments haven’t been recorded’. They just don’t reply.

February 19, 2024 at 2:41 pm #1020101
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levestane

wtjs wrote:
He’s still around! Most nights parked for hours outside the pub, 100 yards from Garstang police station. He’s certainly free from MOT and VED, although the police haven’t yet publicly announced the Lancashire Constabulary charging scheme which gives you a pass to ensure that the police don’t trouble you for them- I think it’s only LC Specially Approved Customers at the moment

MoT failed on the 23rd Sept 23.

Do not drive until repaired (dangerous defects):

Offside Front Lower Suspension arm ball joint likely to become detached (5.3.4 (a) (ii))
Nearside Front Wheel bearing play so excessive that directional control is impaired (5.1.3 (a) (ii))
Nearside Rear Tyre tread depth below requirements of 1.6mm (5.2.3 (e))

Repair immediately (major defects):

Horn not working (7.7 (a))
Front Windscreen washer not working (3.5 (a))

Monitor and repair if necessary (advisories):

Nearside Front Exhaust has a minor leak of exhaust gases flexy pipe (6.1.2 (a))
Nearside Front Lower Suspension arm ball joint has slight play (5.3.4 (a) (i))

February 19, 2024 at 2:30 pm #1020099
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wtjs

And VIP Commercial Customers,

And VIP Commercial Customers, of course- F3 BDL just by their big showroom on the A6, Preston

February 19, 2024 at 2:21 pm #1020097
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wtjs

But LancsFilth are definitely

But LancsFilth are definitely expanding the scheme to respectably large SUVs

February 19, 2024 at 2:17 pm #1020095
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wtjs

He’s still around! Most

He’s still around! Most nights parked for hours outside the pub, 100 yards from Garstang police station. He’s certainly free from MOT and VED, although the police haven’t yet publicly announced the Lancashire Constabulary charging scheme which gives you a pass to ensure that the police don’t trouble you for them- I think it’s only LC Specially Approved Customers at the moment

February 19, 2024 at 2:05 pm #1020093
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wycombewheeler

Hirsute wrote:
Surely you have come across wtjs posting about the number of vehicles in his area with none of the above and the police do nothing despite repeated reports to them.

The one in the photo – ved ran out 30 11 17 and mot 6 6 17

didn’t think that was just specific to crew cab pick ups-though
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