Don’t let road tax take you for a fool
From April 1st 2020, Vehicle Excise Duty (widely known as car tax or road tax) is changing, for the first time it will be calculated using WLTP (Worldwide Harmonised Light Vehicle Test Procedure) carbon dioxide figures, which means the greener the vehicle, the lower the tax.
With WLTP giving a more realistic evaluation of your vehicle’s CO2 emissions (g/km), it’s likely that your road tax will increase. The good news is, if you’re driving an electric car or thinking of going electric at 0g/km it’ll be in VED Band A and you won’t have to pay anything.
However, on the other side of the spectrum, there’s VED Band M for cars which emit over 255g/km of CO2 and if you’re an owner of one of these cars you’ll have to fork out £2,135 during your first year of ownership.
To get ahead of the increase, it’s as simple as buying a new car before April 2020 when road tax increases and as you can see below, this could save you quite a bit of money on the first year of VED.
If you want further information on reducing your VED then family-owned Swansway Motor Group can help find you a new vehicle and avoid increased Road Tax.
|
VED Band |
CO2 Emissions (g/km) |
First-Year Rate |
First-Year Rate for non-RDE2 Diesels |
Alternative Fuel Vehicles |
|
A |
0 |
£0 |
£0 |
£0 |
|
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 |
|
M |
Over 255 |
£2,135 |
£2,135 |
£2,125 |
