VED

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NewcastleFalcon
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VED

Post by NewcastleFalcon »

Having never troubled the scorers with the purchase of a new car, I hadn't realised the slightly odd system of Vehicle Excise duty which has applied for all cars registered after 1st April 2017. Gets tinkered with all the time of course. As of today this is what the Gov.uk website shows...
So the first year is determined by CO2 emissions.
gov.uk first year VED rates
gov.uk first year VED rates
The Second-year onwards is determined by fuel-type, with cars costing more than £40,000 list price having an additional £320/year VED for 5 years. The Chancellor announced in the budget the removal of Vehicle Excise Duty (VED) for zero-emission cars with a list price exceeding £40,000, starting from April 2020
gov.uk second year onwards VED rates
gov.uk second year onwards VED rates
REgards Neil

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myglaren
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Re: VED

Post by myglaren »

Strange. I have just paid £160 for mine and there is nothing corresponding on the lists.

RichardW
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Re: VED

Post by RichardW »

That list is for cars reg after 1st April 2017 - the idea is to push new car buyers towards lower CO2 cars, but without penalising later buyers (who it is assumed have less disposable cash). The over £40k 'supplement' just seems a bit vindictive! Cars between 2001 and 2017 continue to be taxed on graduated VED - which means if buying s 17 plate you need to aware of which system it comes under!

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NewcastleFalcon
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Re: VED

Post by NewcastleFalcon »

I guess the first year bit all gets wrapped up in the on the road price. I wonder what vehicles currently sold still fit into the higher first year tax categories over £1,000.

The usual suspects it would seem, and those for which the prospective buyers aren’t going to be put off by a couple of grand first year car tax :-D
https://motorway.co.uk/blog/2018/04/24/ ... t-road-tax


Regards Neil