Tax­ing times on the way

The Jewish Chronicle - - LIFE -

There’s still time to beat the first-year ve­hi­cle tax hikes, but you’ll need to hurry. As from 1st April, the DVLA will be chang­ing the way it cal­cu­lates tax on all new cars. The amount payable will be based on CO2 emis­sions, with an an­nual flat rate of £140 for all nor­mal petrol or diesel cars, £130 for al­ter­na­tive fuel ve­hi­cles (hy­brids, bi­ethanol and LPG) and zero-emis­sion cars re­main­ing tax-ex­empt.

If you buy a ve­hi­cle with a list price (the pub­lished price be­fore any dis­counts) of more than £40,000, you’ll pay a rate based on CO2 emis­sions the first time it’s taxed. Then, when you tax it for the sec­ond time you’ll pay one of the new rates (de­pend­ing on the ve­hi­cle) and an ad­di­tional rate of £310 a year for the next 5 years. Af­ter 5 years, your ve­hi­cle will then be taxed at one of the new rates again.

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