Changes to Vehicle Excise Duty

On the 1st April 2017, the Government is changing the way all vehicles are going to be taxed which could end up costing you a lot more money. So now is a good time to act and save your cash.

As with all Government schemes, it’s complicated. But to keep it simple they’re putting a vehicle pricing cap of £40,000 to work out the way they calculate the charge for vehicle excise duty (VED). However, the new registration scheme only comes into place on the 1st April and doesn’t apply before then.

The first licence you pay after the changes will continue to be based on CO2 emissions but after that you must pay a flat standard rate of £140 for all cars. Except however for a Zero CO2 emitting car in which case there will be no standard tax to pay.

If you have a vehicle which has an RFL list price, as defined by the Government, totalling £40,000 then you must pay an additional charge of £310 per year for 5 years. After that the cost will go back down to the standard £140 per year. Unless it is a Zero emissions car in which case the price goes down to £0
The changes are intended to make the cost of a licence fairer for motorists by ensuring that those who can afford a premium car, pay a premium charge.

 

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