April 1st sees new tax rules come into place for cars – which will significantly increase the amount buyers have to pay on certain models.
The new rules are based on emissions, reflecting the fact that currently so many cars have such low emissions they pay no tax, costing the Treasury millions every year.
If your car is already registered, the rate won’t change, but if registered after Saturday April 1st, a one-off fee will be due for the first year, dependent on its CO2 emissions. This means there may well be a rush on to buy new cars before the weekend!
After the first year fee, all vehicles will pay a flat rate of £140, with only completely emission-free vehicles (such as electric cars) exempt.
Emissions are measured on a g/CO2/km basis, and the new rates will be as follows:
New car tax rates from 1st April 2017
|Emissions (g/CO2/km)||First year fee||Second year onwards|
In addition to this, cars worth more than £40,000 will also pay an annual supplement of £310 between years two and six.
Do you think the new rules are fair, or too much? Will you be buying a new car before the change? Let us know in the comments below – and if you’d like to help make back some cash towards the new costs, offer out your spare seats now!
Author Lex Barber