HMRC’s recent changes to the classification of double cab pick-up trucks for tax purposes are catching businesses off guard, affecting both Benefit in Kind (BIK) taxation and capital allowance claims
The UK government is under pressure to provide an update on closing a car tax loophole that affects various vehicle owners, with the change expected to raise £865 million over four years.
A freelance tax expert analyzes HMRC’s recent changes to the tax treatment of double cab pick-up trucks, arguing that the new guidelines contradict existing legislation and create ambiguity for taxpayers.
