2017 Car Tax Changes

2017 Car Tax Changes

0 comments 📅23 February 2017, 03:45

Do you be aware road tax is changing?

The current rules governing Vehicle Excise Duty (VED), more commonly known as ‘road
tax’, are changing. These changes determination take effect for new cars brought on or after April 1st 2017.

So, if you are thinking of buying a new car this year delight bear these changes in mind and read our 5 facts below to help you retain a pretty penny.

5 key facts to be aware of:

1. The changes only apply to new cars registered from 1st April 2017.

2. The purely vehicles to be exempt from VED going forward are electric and hydrogen cars.

3. From 1st April 2017, the prime vehicle road fund licence will be calculated on the CO2 Emission level of the mechanism.

4. The majority of vehicles will then move to a standard rate of £140 from the vehicles faulty licence (i.e 1st April 2018) regardless of their CO2 emission

5. If you purchase a car worth over and beyond £40,000, owners will also have to pay an additional supplement of £310 per year, this is on top of the £140 in the prime year. After 5 years the vehicle road tax will revert to £140.

The following provender breaks down the costs for the new car road tax bands from April 2017:

CO2 Emissions (g/km) Primary Year rate Standard Rate
0 £0 £0
1-50 £10 £140
51-75 £25 £140
76-90 £100 £140
91-100 £120 £140
101-110 £140 £140
111-130 £160 £140
131-150 £200 £140
151-170 £500 £140
171-190 £800 £140
191-225 £1,200 £140
226-255 £1,700 £140
Over 255 £2,000 £140

For more information, here are some valuable links so you can get fully up to speed with the changes to car road tax:

http://www.autoexpress.co.uk/car-scandal/consumer-new…

http://www.whatcar.com/advice/buying/ved-car-tax-c…

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