Electric car drivers are the winners; diesel drivers the big losers in the Autumn Budget 2017. However, things aren’t as bad as expected for diesel car owners with Chancellor of the Exchequer Philip Hammond rowing back from an anticipated increase in fuel duty. Here’s how drivers will be hit by the announcements made in the Autumn Budget 2017.
Anyone who was driving before 2014 may turn misty-eyed at memories of tax discs. Brightly coloured pieces of paper used to be displayed in the windscreen, to prove a driver had paid vehicle tax.
In addition to serving as a quick and simple visual reminder that car tax needed to be renewed, it let authorities easily check whether Vehicle Excise Duty (VED) had been paid. And there was another benefit to it. Anyone selling a used motor could charge for the remaining car tax that was to be enjoyed by the new owner. Alternatively, drivers buying a second-hand car could use the need for new tax to haggle down the price of the car.
In the digital age, that’s no longer the case. Anyone that sells their car and has outstanding VED on it should reclaim the amount paid from the Driver and Vehicle Licensing Agency (DVLA). For the same reason, those buying a new or used car must tax it before they can legally drive away.
But it’s not only when drivers sell their car that they can reclaim tax. If a motor is being taken off the road, scrapped, declared a write-off by an insurance company, or stolen the tax can be reclaimed. Here’s how. Continue reading
Next month, the government introduces new charges for car tax. It will mean most people buying a new, efficient car will have to pay more in tax than they would have done under outgoing rules.
The proposals were outlined by former chancellor George Osborne in 2015. They are aimed at earning more revenue for the treasury, after the outgoing rules rewarded clean, efficient cars with low or no road tax. This resulted in buyers voting with their wallets and snapping up models that pumped out low levels of carbon dioxide (CO2).
Now only cars with no exhaust emissions, which means all-electric cars, will be exempt from paying car tax. Continue reading
Drivers alarmed by the changes to VED road tax are believed to have fuelled a sudden surge in new car sales.
New road tax rules, which come into force this April, will make it much more expensive to tax many of Britain’s most popular cars.
During January, typically a quiet month of the year for new car sales, sales grew by 2.9 per cent. A total of 174,564 were snapped up, marking a 12-year high.
Did you know that the car tax regulations will change in April, 2017? Big alterations are afoot after the government calculated that increasingly fuel efficient cars are leaving it out of pocket.
That’s because currently, the annual tax drivers pay to be on the road is calculated according to how much carbon dioxide (CO2) comes out of their car’s exhaust. And around 25 per cent of all new cars are so clean that, guess what? They’re exempt from road tax.
But from next April anybody that buys a new car will face a new regime of car tax. And overnight it will make many of the UK’s most popular new motors much more expensive to own. Continue reading
Drivers were both winners and losers after the Emergency budget of 2015. All drivers will have to pay more for insurance. Meanwhile, a change to the way Vehicle Excise Duty is structured will make eco cars and more expensive motors pricier to put on the road. Here’s how the budget will affect drivers. Continue reading
New tax disc rules appear to be confusing drivers and making road tax prosecutions soar. In October the traditional tax disc was abolished. New regulations state that rather than tax belonging to a car, it now belongs to the individual who owns that car. When drivers tax their cars now, rather than getting a paper tax disc, their payment is registered on a database. Police cars fitted with Automatic Number Plate Recognition (ANPR) cameras can access this database instantly. If they snap a car that is on the road but has no tax, a fine is sent out. Continue reading