The changes announced by the Chancellor in the 2015 budget set out that Vehicle Excise Duty (VED) will change for registered vehicles from 1 April 2017. The first vehicle licence will be calculated on the vehicle’s CO2
All vehicles registered before this date will not be affected.
Vehicles registered on or after 1 April 2017
For all vehicles first registered on or after 1 April 2017, the amount you pay for the first 12 months is based on CO2
The standard annual rate you pay each year after that depends on the type of fuel the vehicle uses.
Additional Rate for new vehicles that cost more than £40,000
The first time you tax a vehicle on or after 1 April 2017 with a list price (the published price before any discounts) of more than £40,000 you will pay the rate based on CO2
From the second vehicle licence taken out, you will pay the standard annual rate based on the fuel the vehicle uses and an additional rate of £310 a year for the next 5 years.
After 5 years you will pay the standard annual rate depending on what fuel your vehicle uses.
The information and data set out in this webpage are provided for general information only. For further information about these changes please visit Gov.uk
. For individual professional advice please refer to your legal or tax advisor. All information was originally compiled on 4th
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