DID YOU KNOW YOUR ROAD TAX WILL INCREASE ON APRIL THE 1ST?
There are fresh changes coming as part of the road tax system, including a revision of the vehicle tax bands that will affect anyone buying a new car from April 2020.
The question that new car buyers now face in light of the UK's VED tax changes is this: will you be better off buying a new car before or after the new car tax scheme comes into force? Unfortunately, the answer depends on what type of new car you're planning on purchasing and, importantly, its CO2 emissions (g/km).
Under the current VED tax scheme, most new car buyers are paying very little (if any) road tax - which is costing the Treasury millions. The new road tax changes will mean that some new cars will face a sizeable hike in its car tax amount in the first year of registration (depending on CO2 emissions).
The table below shows what you can expect to pay for cars registered on or after the 1st April 2020.
VED bands for cars registered on or after 1st April 2020
|VED Band||CO2 Emissions (g/km)||First-Year Rate||First-Year Rate for non-RDE2 Diesels||Alternative Fuel Vehicles|
|B||1 - 50||£10||£25||£0|
|C||51 - 75||£25||£110||£15|
|D||76 - 90||£110||£130||£100|
|E||91 - 100||£130||£150||£120|
|F||101 - 110||£150||£170||£140|
|G||111 - 130||£170||£210||£160|
|H||131 - 150||£210||£530||£200|
|I||151 - 170||£530||£855||£520|
|J||171 - 190||£855||£1,280||£845|
|K||191 - 225||£1,280||£1,815||£1,270|
|L||226 - 255||£1,815||£2,135||£1,805|
ACT NOW TO AVOID THE ROAD TAX INCREASE
We have lots of fantastic offers available across our new car range so you can save even more money and drive away in a great new car too. With the very best prices paid for your current car, there has never been a better time to upgrade to a 20 plate car.
Buying your new car before the 1st April 2020 road tax increase could save you money on the first year of Vehicle Excise Duty.
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