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From 1st April 2017 VED (Vehicle excise Duty) or Vehicle tax is changing…

Who is affected?

Anybody buying a newly registered vehicle from 1st April 2017.  If driving in a vehicle registered before this date you will be unaffected by the changes.

…thinking of buying a new car after this date?  Read on…

What are the main criteria for the first licence?

The First year rate for any new car registered from 1st April 2017 will be calculated according to CO2 emissions as currently, however…

The biggest difference here is that all vehicles will be applicable unless it falls into the Zero emissions band (see table 1 below)

What happens after the first year?

Following the first year all vehicles will revert to a Standard rate with one new addition…read on to find out more

Vehicles with a listed price of £40,000 at first registration will pay the standard rate of £140 plus the additional amount of £310 a year for the first 5 years post the first year of registration.  Hereon after those 5 years they will revert back to standard rate of £140.

What are some of the biggest differences?

Firstly, vehicles with a CO2 emission of 1-130 used to be zero in the first year - they will now be taxable (based on what band of emission if falls in)

Secondly, you are now being charged an additional tax on a vehicle worth more than £40,000

See the table below detailing the new banding…

CO2 emissions (g/km) First year rate Standard rate *
0 £0 £0
1 - 50 £10 £140
51 - 75 £25 £140
76 - 90 £100 £140
91 - 100 £1,320 £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
     

*Cars with a list price of over £40,000 when new pay an additional rate of £310 per year on top of the standard rate, for five years.

Remember, all new vehicles registered before 1st April 2017 are unaffected by the changes!