UK Schemes
Drivers Face Punishing 400% Tax Rise Under New HMRC Rules
From April 6, 2025, HMRC will reclassify double-cab and extended-cab pickup trucks as company cars, dramatically raising Benefit-in-Kind (BIK) taxes, slashing capital allowances, and levying such heavy charges that many owners face a staggering 400% tax hike. At a Glance: Key Figures & Facts Category Details Affected Vehicles Double-cab and Read more