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
Van owners in the UK will face increased Vehicle Excise Duty (VED) fees from April 1, 2025, with rates rising to £345. Electric van owners will also be affected as exemptions end.
From April 2025, the UK will change the tax landscape for electric vehicles (EVs), including Vehicle Excise Duty (VED) adjustments. This article explains the specifics of these changes and their implications for EV owners and the market.
