What are the benefits of buying a light commercial vehicle for my business?
HMRC tax treatment of double cab pick-ups
For all light commercial vehicles buyers (including double cabs) with a 1 tonne payload you could:
- claim VAT back
- declare your pick up as a commercial on your P(11)d and pay low benefit in kind tax – this means for a 40% tax payer the user will only pay £132 per month for a vehicle that’s classified as a van
- claim 100% first year capital allowance against your corporation tax
Contact us for further information about how this could benefit your business and employees.