Car tax changes to hit petrol and diesel owners today as drivers consider selling vehicles

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Car tax changes to hit petrol and diesel owners today as drivers consider selling vehicles

Car tax changes will see Vehicle Excise Duty (VED) rates introduced for almost all petrol and diesel owners from today.

VED rates will rise in line with Retail Price Index (RPI) inflation with up to £140 added to motorists bills.

Fees will rise according to overall vehicle emissions meaning those emitting more pollution slapped with higher bills.

It’s the latest charge to hit motorists with day-to-day driving expenses soaring in recent months.

The sudden rise in tax rates, car insurance and fuel prices have led to more than one in 10 motorists admitting they are considering ditching their cars altogether.

Richard Evans, head of technical services at webuyanycar, explained: “The rise in vehicle excise duty by up to £140 in April will mean drivers face even higher motoring costs during an already expensive time.

“Our research shows that nine in ten (92 percent) drivers have seen motoring costs increase over the last 12 months with over one in ten (12 percent) considering selling their car as a result of these rising costs.

“Whilst VED is calculated by the amount of emissions produced by a vehicle and its engine size, the year the vehicle was registered can also have an impact on price.”

Motorists who have secured brand new petrol and diesel models emitting over 255g/km of CO2 will face the highest fees with year one bills up from £2,605 per annum to £2,745 per year.

The standard rate for models registered after April 2017 will rise by £10 with annual rates now sitting at £190.

The Expensive Car Supplement for models valued at over £40,000 is also up with new costs at £410.

Models registered between 2001 and 2017 will rise based on a sliding scale depending on how polluting their car is.

The biggest increase will see the most highly emitting models charged £40 more than last year’s costs.

Meanwhile, models registered before 2001 will also be affected with prices being raised by up to £20 on previous figures.

Richard added: “Drivers need to be aware of how much they should be paying and when they need to pay it as it is a legal requirement.

“Currently, EVs and cars producing less than 100g of CO2 per kilometre don’t have to pay road tax, however, drivers still need to register the vehicle as taxed.

“Even if drivers think their car is exempt, they should still check the tax status online to avoid receiving any fines. Drivers can check their car’s tax status with our car tax check and find out details about whether it is road legal.”

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