August 24, 2015 at 5:21 PM
You may have heard it on the news, the government will introduce new VED road tax bands.
The new VED rates will affect cars registered from 1 April 2017, the first year rates will continue to be set according to CO2 emissions but only zero-emission cars will be exempt from paying.
After the first year, a flat standard rate of £140 a year will apply. Cars with a list price above £40,000 will be charge a supplement of £310 on their respective charge for the first 5 years. All cars that were first registered prior the new system comes into effect remain on the existing VED scale which will not change.