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Tax Loophole on Double cabs - what's happening ?

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Old 12 February 2004, 10:21 AM
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Muffleman
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Default Tax Loophole on Double cabs - what's happening ?

Hi all,

I know that you can currently get a doublecab pickup and it's classed as a commercial vehicle for tax purposes, you therefore pay just the tax downside on £500. But I know that the inland revenue are looking at this.

Anyone know what's gonna happen ? And when ?

Cheers


Matt
Old 12 February 2004, 11:06 AM
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Scoobydid
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I spoke to my accountant about this, aparently they are looking at it, will probably come through in the next budget, worst case it will just be taxed as a car, i.e. on emissions.
I think thats about the last loophole to close unless anyone knows of any others

Andy
Old 12 February 2004, 11:10 AM
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ProperCharlie
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i wouldn't be surprised if they do away with the tax credit for dividends at some stage
Old 12 February 2004, 11:17 AM
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Muffleman
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Yeah I imagined they'd go the emissions route - oh well !

Cheers


Matt
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