The Times reports that businesses are reconsidering their vehicle choices. This is due to new tax rules introduced by Chancellor Rachel Reeves. The problem is that the changes classify double-cab pick-up trucks as cars for tax purposes. This potentially doubles the tax bill for employees. Simon Down from Deloitte said: “Taking these vehicles under the revised tax treatment will lead to significant cost increases.”

BFS Comment:

Another oversight by a struggling Chancellor. Having said that, if you are considering buying new fleet vehicles then give us a call at Business Finance Services on 01327 349779 to learn about the terms we can arrange for you. Unfortunately we cannot guarantee to make the Chancellor change her mind about this change in the Tax situation. We can only hope that others make her see sense!