What are the benefits of buying a light commercial vehicle for my business?

  • 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 up to 100% first year capital allowance against your corporation tax

Contact us for further information about how this could benefit your business and employees.

 

*Source – vantax.co.uk

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