Any pick-up truck purchased from 1 July 2024 will be affected by the changes
Pick-up trucks are set to lose their status as commercial vehicles when it comes to paying company car tax. The massive changes to the rules on benefit in kind will mean that company car drivers face a near-fivefold increase in personal tax bills for any pick-up truck purchased from 1 July 2024. The rule affects double-cab pick-ups, those with a second row of seats, which HMRC no longer considers as exclusively for commercial use.
Its most popular Ranger Wildtrak model with a 2.0-litre diesel engine has a basic list price of £47,220 including VAT. Under the current rules, its 230g/km CO2 emissions place it in the top BIK percentage group with a 37% benefit in kind value. A 20% taxpayer in England would therefore pay £291 per month and a 40% taxpayer would now have to pay £582 per month in tax on the benefit in kind of having a pick-up truck as a company vehicle.
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