Support road.cc

Like this site? Help us to make it better.

Articles on the tax incentives for buying pick up trucks?

I can't find any articles questioning the UK's (and maybe other countries'?) tax incentives for buying these vehicles. The pick ups I see aren't being used for carrying building materials, they just look like they're being used as company cars. I'm surprised there isn't more questioning of the policy, unless I've missed something? 

Thanks to AidanR for this summary under the Road.cc article "SUVs more dangerous [...] "

"The tax benefits are threefold when purchased as a company vehicle:

1) Much lower benefit in kind rates for employees and employers than cars, which aren't linked to CO2 emissions.

2) Ability to recover VAT paid, unlike cars. In theory VAT recovery for a doublecab pick-up should be apportioned for private use, although how often that happens in practice I don't know.

3) 100% relief against corporation tax in the year of purchase, rather than 18% or 8% per year for a car."

    

If you're new please join in and if you have questions pop them below and the forum regulars will answer as best we can.

Add new comment

38 comments

Avatar
bikes | 11 months ago
4 likes

Glad it's not just me that doesn't like them. Why not encourage innovation towards smaller, lighter work vehicles?

Avatar
Tom_77 | 11 months ago
6 likes

The US situation.

In the US imported trucks are subject to a 25% tax (chicken tax). With less competition, US manufacturers can make more profit on trucks and have heavily marketed them. MPG rules for trucks are also less strict than for cars which is another incentive.

Avatar
mattw replied to Tom_77 | 9 months ago
0 likes

And safety rules are far worse for 'light trucks'.

The Tesla Cybertruck does not meet the basic European rules, which is why it is staying in Yankland.

Avatar
Tom_77 | 11 months ago
2 likes

There's a summary of the UK tax rules here.

Avatar
HoarseMann replied to Tom_77 | 11 months ago
11 likes

Tom_77 wrote:

There's a summary of the UK tax rules here.

How remiss of Auto Express to not mention that lower commerical vehicle speed limits apply to most of these 4x4 crew cab pickups.

In my experience, the drivers of these vehicles seem to have bought them to intimidate other road users, by tailgating and generally bullying others out of their way. Shame it's also being funded by the tax payer.

Avatar
Daveyraveygravey replied to HoarseMann | 11 months ago
8 likes

HoarseMann wrote:

Tom_77 wrote:

There's a summary of the UK tax rules here.

How remiss of Auto Express to not mention that lower commerical vehicle speed limits apply to most of these 4x4 crew cab pickups.

In my experience, the drivers of these vehicles seem to have bought them to intimidate other road users, by tailgating and generally bullying others out of their way. Shame it's also being funded by the tax payer.

I totally agree with you experience.  Anecdotal evidence, a guy I work with bought a Misubishi Warrior or something like that, I asked him why, he said it was cool and his kids love it. It barely fits a standard car park space at work.  They are almost always driven with a couldn't-give-a-fuck-about-anyone-else attitude, although that isn't just restricted to pick ups.

Avatar
brooksby replied to Daveyraveygravey | 11 months ago
11 likes

I had some work done on my central heating in December.  I had to bite my tongue every time I saw the guy's shiny black crew-cab pickup thing…  (I didn't want to alienate him, as he does really good work).

I said to my wife, "I can't believe he's going to put all that rubbish (old boiler, pipes, etc) in that vehicle!" and you know what, he didn't!  He arranged for a mate with a grubby white van to come and collect it all the next day! 

Avatar
Eton Rifle replied to brooksby | 11 months ago
5 likes

It's not uncommon to see the blokes doing the actual work rocking up in a battered white Transit with the tools, materials etc. An hour later, the boss rocks up in a spotless, shiny "pick-up" wankpanzer.

Baffingly, the driver of each vehicle pays the same "van" benefit-in-kind for any private use.
It's bonkers.

Pages

Latest Comments