Car Tax Changes Are Coming In 2017 – Mill Autoquip - The people who like to say YESMill Autoquip – The people who like to say YES
Essentially, the changes mean that future VED rates will be on a new three-tier system from 1 April 2017. The new scheme will be based on the vehicle’s emissions and list price:
Zero emissions cars won’t pay any VED.
A standard rate of £140 will apply for all other cars, regardless of how high their emissions are. However, the First Year Rate (FYR) will be a sliding scale depending on how polluting a car is. The rate starts at £10 for the first year, rising to a whopping £2,000 for the worst offenders. The full list of First Year Rates can be seen here.
There will also be a premium of £310 levied on all cars with a list price in excess of £40,000 for the first five years. This will include electric and other zero emission cars.
Something for Atw and his fantasy 911 Turbo S to consider...
Essentially, the changes mean that future VED rates will be on a new three-tier system from 1 April 2017. The new scheme will be based on the vehicle’s emissions and list price:
Zero emissions cars won’t pay any VED.
A standard rate of £140 will apply for all other cars, regardless of how high their emissions are. However, the First Year Rate (FYR) will be a sliding scale depending on how polluting a car is. The rate starts at £10 for the first year, rising to a whopping £2,000 for the worst offenders. The full list of First Year Rates can be seen here.
There will also be a premium of £310 levied on all cars with a list price in excess of £40,000 for the first five years. This will include electric and other zero emission cars.
Something for Atw and his fantasy 911 Turbo S to consider...
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