Friday, January 4, 2019

2019 Vehicle Tax changes

Officially known as VED (Vehicle Excise Duty) or Vehicle Tax as most people still refer to it is set to increase on April 1st 2019. The Chancellor of the Exchequer gave forewarning of these increases in the Budget – stating that the rises were in line with inflation. Quoting from the Budget “1.40 (gov.uk). Vehicle Excise Duty (VED)rates for cars, vans and motorcycles. As announced at Budget 2018, the government will legislate in Finance Bill 2018-19 to increase VED rates for cars, vans, motorcycles and motorcycle trade licences by the Retail Prices Index with effect from 1 April 2019″

What will you pay

The amount of vehicle excise duty charged is based on your vehicle’s CO2 emissions and fuel type (for cars registered on or after 1 March 2001*) The Bands are different for NEW cars – registered on or after 1st April 2019 – compared to cars registered between 1st March 2001 and March 31st 2019

Note : for cars registered before 1 March 2001 the vehicle tax rates depend on its’ engine size, not CO2 emissions.

Cars Registered March 1st 2001 – March 31st 2019

The CO2 emissions rates are banded from A to M. According the the Government’s Vehicle Licensing statistics (external link) of 2016 the most popular bands are F and G. Those with cars registered before April 1st 2019 in these groups – with CO2 emissions from 141-165 g/km – can expect an increase of £5. Band F will increase from £155 to £160 and Band G will increase from £195 to £200. Those with cars in Bands 1,2 and 3 will be happy to see their rates remain the same.

New Cars – registered on/after 1st April 2019

For new car buyers – registering their vehicle after April 1st 2019 the changes are more considerable. Cars in Bands A to C also remain the same. Vehicles in Bands D to H will increase by just £5 (covering CO2 emissions from 76 to 150 g/km). The remain Bands increase accordingly – Band I by £15, Band J by £25,  Band K by £40, Band L by £55 and Band M by £65

Want to know more

There are plenty of good online resources with further details of these VED increases. One of the most informative is this feature by thismoney.co.uk – including some very useful VED Band Comparison tables 2018/19 versus 2019/20

Check your Vehicle Tax

If after reading this you find yourself wondering if you’re car is taxed then please visit our free online vehicle tax checker. Simply enter your registration number to confirm whether or not your car has valid Vehicle Tax

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2019 Vehicle Tax changes syndicated from https://www.ismycar.co.uk/

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