Shoreham Vehicle Auctions proposes a luxury tax for high-cost one-tonne double cab pickups, urging HMRC collaboration to address Benefit in Kind tax.

Shoreham Vehicle Auctions (SVA) urges industry stakeholders to work with the UK's HMRC to develop a solution for Benefit in Kind tax treatment of one-tonne double cab pickups (DCPUs). SVA proposes a luxury tax for vehicles costing over £35,000, differentiating between recreational and business use. This aims to protect sales and residual values while avoiding penalties for business users.