Compass Tractors News

Major Tax Changes Ahead for Double Cab Pickups: Save Thousands by Acting Now

The 2024 budget announcement has brought significant changes for businesses and individuals using Double Cab Pickups, such as the Isuzu D-MAX, VW Amarok, and Ford Ranger. Starting April 2025, these vehicles will be reclassified as cars for tax purposes. This change will dramatically affect Write Down Allowances (WDA) and increase tax liabilities for both income and corporation tax.

Understanding the Impact

Currently, businesses can benefit from a 100% Write Down Allowance (WDA) in the first year of purchasing a Double Cab Pickup. Under the new rules, this allowance will drop to 6% Special Rate Allowance (SRA) annually.

For example, under the current rules, a £38,495 Isuzu D-MAX V-Cross qualifies for the full amount in Year 1. However, from 2025:

  • Year 1: £2,309.70 allowance.
  • Year 2: £2,171.12 allowance.
  • Year 3: £2,040.85 allowance.

This change could cost businesses thousands of pounds in tax benefits over time.

How to Avoid Increased Tax Liabilities

The good news? You can avoid these tax changes by purchasing or ordering a Double Cab Pickup before 6th April 2025. By acting now, you’ll:

  • Secure the current 100% WDA rates.
  • Retain Favourable Benefit-in-Kind (BIK) tax rates.
  • Enjoy savings until April 2029 or until you sell the vehicle.

Why Act Now?

With limited availability of new Isuzu D-MAX models, the time to act is now. Compass Isuzu is offering both outright purchases and low-rate finance options, ensuring you can secure your vehicle before the deadline.

Contact Compass Isuzu Today

Don’t let these tax changes impact your bottom line. Sean Pearce and the Compass Isuzu team are ready to help you find the perfect vehicle and maximize your savings.

📞 Call Sean Pearce: 01278 662836
📍 Visit Compass Isuzu

Act now to beat the rush and lock in your tax savings with the reliable and versatile Isuzu D-MAX!