Hendy Group is aiming to drum up gross sales of double-cab pick-ups forward of the rise in Profit-In-Sort (BIK) costs takes impact on 6 April.
Hendy’s BIK marketing campaign will run all through March and might be profiled by means of its web site and social media channels.
Within the 2024 Autumn Price range, HMRC introduced that double cab pick-ups with a payload over one tonne might be handled the identical as firm vehicles from 1 April 2025 for company tax functions and from 6 April 2025 for earnings tax functions.
Different producers, together with Isuzu, have moved to spice up gross sales of the impacted automobiles forward of the tax hike.
It cites the instance of a automobile that might be caught underneath the brand new preparations is the Ford Ranger, the UK’s hottest double cab pick-up, which presently incurs a hard and fast BIK fee of £3,960 per 12 months. When the brand new tax guidelines come into drive subsequent month, these prices will rise to £4,400 for decrease fee taxpayers (20%) and £8,880 for greater fee taxpayers (40%).
Hendy Group has secured extra provides of the Ranger to satisfy an anticipated sharp uplift in demand earlier than the brand new BIK guidelines kick in.
Any firm that locations an order for a double-cab pick-up earlier than 6 April can profit from transitional BIK preparations, which can permit them to proceed with present BIK phrases till 5 April 2029. BIK calculations are based mostly on the P11D worth*, CO2 emissions and the worker’s tax band. It solely applies if an worker additionally makes use of the automobile privately, as many customers do.
Throughout Hendy’s community, 18 retailers promote and repair a variety of recent and used industrial automobiles from Ford, Renault, Nissan, Vauxhall, Land Rover, and IVECO.
David Graham, Head of LCV Gross sales at Hendy, commented: “This campaign highlights our commitment to the commercial vehicle sector, ensuring current and prospective customers can keep their ownership costs as low as possible. We recognise the financial constraints everyone is under and hope to raise awareness of the tax increases so businesses can act accordingly.”
Hendy has operated within the south of England for over 165 years and presently represents over 22 automotive manufacturers at quite a few places throughout the south coast.
