Number Plate News – New Vehicle Tax Rates 1st April 2017

Well there is now less than a month to go until the new system of calculating vehicle tax rates comes into force.
Although most people associate April 1st as being April Fools Day, this is the date that the DVLA introduces the new vehicle tax rates.

This change will not affect everyone as it only applies to brand new cars and some motorhomes that are registered with DVLA on or after 1st April 2017

The rates explained

Vehicle tax for the first year is based on CO2 emissions. After the first year the amount of vehicle tax that needs to be paid depends on the type of vehicle.

£140 a year for petrol or diesel vehicles

£130 a year for alternative fuel vehicles (hybrids, LPG and bioethanol)

£0 a year for vehicles with Zero CO2 emissions

If a vehicle has a list price of more than £40,000 the rate of vehicle tax is based on the CO2’s for the first year.

After the first year the rate depends on the type of vehicle (petrol, diesel, alternative fuel or zero emissions) and an additional rate of £310 a year for the next 5 years.

After those 5 years the vehicle will then be taxed at one of the standard rates of £140, £130, or £0 depending on the vehicle type.

 

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