stickshift steve
New member
Hidden in the budget there was a plan for a consultation to reverse the current car tax for vehicles over £40k bought after april 2017.
At the moment you pay a first year tax based on the emissions ,then £515 per year for 5 years and then a flat rate of £145 from then onwards.
The new thing they are on about bringing in and "backdating "the tax change is .. All cars over £40k (except electric) will pay the first year emissions related tax which will then carry on at that cost for the life of the car. So if you bought a car in 2017 and are waiting for the tax to drop to £145 in 2023 you might be in for a rude awakening as it could go up to £2000 per year.
At the moment you pay a first year tax based on the emissions ,then £515 per year for 5 years and then a flat rate of £145 from then onwards.
The new thing they are on about bringing in and "backdating "the tax change is .. All cars over £40k (except electric) will pay the first year emissions related tax which will then carry on at that cost for the life of the car. So if you bought a car in 2017 and are waiting for the tax to drop to £145 in 2023 you might be in for a rude awakening as it could go up to £2000 per year.