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
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
Car ownership can be a taxing business – in more ways than one. There’s so much to remember that it’s easy for simple bits of admin to slip through the net. Forget one of those and it could end in a costly fine or ‑ even worse ‑ an accident. For worry-free and safe winter driving, here are six points that it’s worth checking.
Safe winter driving: car tax and MOT
After the abolition of the tax disc, the Driver Vehicle Licensing Agency (DVLA) witnessed an increase in the number of drivers who hadn’t paid Vehicle Excise Duty (VED) or tax. Part of the problem is the tax disc was a very visible reminder for drivers that they needed to keep their car legal. If you’ve lost track – it’s easy to do ‑ check whether your car is taxed by going to the DVLA website here. Continue reading
Booming sales of low-emission eco cars could slash the amount the government raises from road tax. The result could mean tax increases for all but the most economical cars. Continue reading
The tax disc as we know it is to be abolished on October 1 causing a potential headache for the millions of people who buy and sell used cars every year. Continue reading