📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Higher rate car tax.......

Options
13»

Comments

  • Goudy
    Goudy Posts: 2,170 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    08Foggy55 said:
    I'm struggling with their logic. They encourage every one to purchase a low emissions car with cheap road tax, and then guess what!! the road tax revenue drops (Who'd have guessed) so now they hit all drivers including EV drivers. 
    I'm not, it was obvious they were going to do this at some point.
    EV's are road users so it shouldn't come as a shock they pay the road users tax.

    Ok, they initially sweetened the pot and put them in a band with a rate of £0 but that should have hinted at the above.
    Why put them in a band to start with? Because they can in future change that band rate to whatever they want.

    They could have just said EV's were bandless and totally free but they didn't, they just made the band they were in £0.

    If you're struggling with this just wait until they try and recoup all the lost revenue from fuel duty.
    As we know home charging attracts a rate of just 5% VAT and on street charging of 20%.

    Fuel duty alone is around 53p a litre, then there's VAT at 20% on top on that.
    So better start thinking now about hole getting bigger and how the government will fill it.
  • Can someone help me understand this. 

    I'm looking to buy a second hand car 2018 plate. The car was over 40000 when new.

    I will be the 3rd owner and the car is now over 5 years old. Will i still nedd to pay the extra £410 a year road tax?

    Thanks 
  • force_ten1
    force_ten1 Posts: 89 Forumite
    Second Anniversary 10 Posts
    Can someone help me understand this. 

    I'm looking to buy a second hand car 2018 plate. The car was over 40000 when new.

    I will be the 3rd owner and the car is now over 5 years old. Will i still nedd to pay the extra £410 a year road tax?

    Thanks 
    you will probably not have to pay the extra £410.00 a year 

    the expensive car supplement is payable for five years after the first years VED expires, so year two to year six but a 2018 car should be passed that now and you should only have to pay the standard VED for the car 
  • 400ixl
    400ixl Posts: 4,482 Forumite
    1,000 Posts Third Anniversary Name Dropper
    You pay the addition high value tax up until the 6th anniversary of the first registered date.

    So any 2018 registered car should no longer be paying it.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.