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Post by gainsb1 on Jul 9, 2015 19:50:46 GMT 1
Did anyone else notice that in the Budget they will be introducing a Vehicle Excise Charge on new vehicles from (2017) ?
I said this at the time that they introduced emmission values for new cars and encouraged purchasers to go for the Zero emmissios as this produced a Zero tax duty.
My thoughts were "This will mean less money going into the government coffers and in time they will lose so much they'll have to do something to the cash-cow motorist to regain lost income".
Was I right? Oh, yes! So Zero car tax drivers will soon be paying this new duty... and it will never go down.
My only crumb of comfort is that my 160J is heading towards the 40 year cut off for free historic tax......or is it? ?
Leigh (Area rep)
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Post by campaign83 on Jul 20, 2015 21:24:09 GMT 1
I dont think they changed the historic rolling 40 year in the budget although I wouldnt be surprised if was buried in the small print somewhere,I did notice they were introducing tax for zero rated cars. So heres hoping nothing has changed because my '75 120y is excempt in 5 months,roll on xmas/new year!!
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Post by griffo20022 on Jul 26, 2015 9:41:21 GMT 1
Haha so tax the cars that don't have tax, what a fantastic idea!
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Post by gainsb1 on Jul 31, 2015 17:14:27 GMT 1
I can be big enough to admit I got it wrong,apparently....
taken from NARPO News August 2015
"Vehicle Excise Duty (commonly known as car tax)is to be reformed from 1 April 2017 with three new bands being introduced for cars registered after that date. In the first year of purchase, special rates will apply which are linked to the cars emmissions.
From it's first anniversary, the car will then be banded either Zero, Standard or Premium, and from 2020 the fees collected will be paid into a new "Roads Fund", and this revenue will then be spent on the road network. The government stated that the Standard charge of £140 will cover 95% of vehicles and reassured motorists that there will be no change to the taxation of existing vehicles - the reformed system will only affect registrations on or after 1 April 2017"
Well, at last, they will use the tax for what it was originally intended - upkeep of the roads!
I presume that "there will be no change to the taxation of existing vehicles" means that mine won't go up and the current Zero tax cars will remain as such.
However, you may have noticed that there is no mention of how much the Premium tax band will be.
Leigh (Area rep)
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Post by antdat on Aug 7, 2015 6:31:33 GMT 1
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