In the Autumn budget 2024, the Chancellor announced that from 1st April 2025, Double Cab Pick-up Trucks with a payload capacity of one tonne or more will be treated as passenger cars for tax purposes. This change will impact businesses who use pick-ups as it will affect capital allowances, benefits in kind and for some, deductions from business profits.
There is a transitional period for Business in Kind arrangements. Businesses that have purchased, leased or placed orders for double cab pick-ups before April 2025 will be able to continue using the previous tax treatment until; the vehicle is disposed of, the lease expires or until 5th April 2029, whichever ever happens first.
Businesses can claim capital allowances on double cab pick-ups if they are purchased before April 2025. Any vehicle acquired from 1st April 2025 will follow the passenger car capital allowance model.
Looking to invest in a double cab pick-up? We have a range of finance products designed to help your business spread the cost and meet your needs. Click here to find your local Relationship Manager who will be able to help find the best finance fit for you.
What our customers say
North Yorkshire based family business Coxon Brothers has been using JCB Finance since 2005. Specialising in environmental work and drainage, the company regularly invest in plant and commercial vehicles to keep up with growth and workload.
“Maxine at head office was an original point of contact and she was unbelievable. Adrian is really good, he’s local and he understands our business – nothing is a problem.”
Credit where credit is due. Thank you for the support. It means we can operate in business.”
Finance provided and subject to acceptance by JCB Finance Ltd (Registered in England No.972265, Registered Office: The Mill, Rocester, Staffordshire, ST14 5JW) who are registered with the Financial Conduct Authority as a lender. JCB Finance Ltd is not a tax or financial advisor - always seek advice from your accountant or finance director, because every business’ circumstances are different. Businesses should not make investment decisions purely on a tax basis - there should be a compelling business case for the investment. UK business users only. Terms apply.
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