If you're planning on buying a brand-new car, now might be the right time. As of 1st April 2017, changes to VED (Vehicle Excise Duty), otherwise known as road tax, will affect the running costs of brand-new cars.Enquire now
In 2015, the Government announced that the way in which they charge and calculate road tax would change from 1st April.
Currently road tax is based on the CO2 emissions of the vehicle, i.e. the higher the CO2 emissions of the vehicle the more road tax is due. There is one rate for the first year (First Licence Rate) and another for the second and subsequent years (Standard Rate). The Standard Rate, like the First Licence Rate also increases with CO2 emissions.
From April 2017, the first year rate will continue to be related to the CO2 emissions of the vehicle, however the bands will change and rates due will increase.
In the second and subsequent years, the 'Standard' rate of road tax will no longer be related to CO2 but will be related to the list price of the vehicle.
For vehicles with a 'List Price' of £40,000.00 or less, the rate will be £140.
For vehicles with a 'List Price' over £40,000.00, an 'additional rate' of £310 (a total of £450) will be due for 5 years from the end of the first year.
After the VED rate expires the £450 will revert to £140, or whatever the prevailing rate is at the time.
No. If you buy a car before 1st April 2017, you won't be affected by these changes, because they only apply to cars registered on or after that date. Your tax will continue to be calculated using the old system of CO2 emissions, meaning that in the vast majority of cases you will be better off.
In addition, the VED changes will not apply to other vehicle types, e.g. Commercial Vehicles, Motorbikes, HGVs.
Call us now on 0330 017 3038 to enquire
Every effort has been made to ensure the accuracy of the information shown, the model details, the emissions, the list price and the road tax/VED costs that apply. However, errors do sometimes occur and we accept no liability for any errors that occur. You should verify the information provided before making a decision in reliance on it. Factory fit options will also affect the list price of the vehicle.
The specification of each vehicle listed on the Bristol Street Motors website is provided by "CAP" and may not be accurate for your individual vehicle. The images of each new vehicle used are shots of the vehicle range; these can include images which do not reflect the precise details of the vehicle you are looking at and are purely used for illustrative purposes.
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All trading companies are subsidiaries of Vertu Motors plc. Company registration number: 05984855. VAT registration: 902737238
Registered office for all group companies: Vertu Motors plc, Vertu House, Fifth Avenue Business Park, Team Valley, Gateshead, Tyne and Wear, NE11 0XA