COMING SOON ... ARE YOU READY?
The Road Tax is due to be altered soon. Find out everything you need to know with Broad Oak BMW in Ashford and Canterbury.
There is still time to beat the changes, see our amazing offers available on cars to be registered before 31st March 2017.
Contact Broad Oak BMW Ashford | 01233 500555
Contact Broad Oak BMW Canterbury | 01227 828888
Vehicle Excise Duty (VED), also known as road tax, is set to alter on 1 April 2017. The changes will mean more expensive cars, both new and used, registered after this date, could incur more tax.
Tax will still be based on the vehicle’s CO2 emissions for the first year, but after that your car will fall into one of three bands: Zero,Standard, Premium.
· Zero – There’ll be no tax to pay for zero-emission vehicles under £40,000
· Standard – Vehicles up to £40,000 list price, with CO2 emissions from 1g/km upwards, will come with tax of £140 from year two.
· Premium – Vehicles with a list price over £40,000, will come with tax of £450 from year two. Zero emission cars with a list price over £40,000 will pay £310 supplement from year two, for the first five years.
There is a £10 reduction for hybrid and range-extender vehicles against the rates above.
What is a list price?
The list price of a vehicle is equal to the Manufacturer’s Recommended Retail Price (MRRP) on the day before the vehicle is registered with the DVLA including standard delivery charges and VAT.
Please note, if your car was first registered before 1 April 2017, there will be no changes to the VED charges it incurs.
For further details about the upcoming changes, including the new rates and bands, click here.