New car tax rates are set to hit petrol and diesel drivers from April 1. Vehicle Excise Duty (VED) increases will mean some drivers could face hundreds of pounds more in charges.
The VED fees will rise in line with the Retail Price Index (RPI) inflation from April 1, 2024. HM Revenue and Customs (HMRC) has said that while rates "will remain unchanged in real terms", the scheme will "impact" vehicle owners.
VED rates are mostly based on how much pollution a car emits. This means those with dirtier petrol and diesel models will be most affected. Everyone who owns a petrol, diesel or hybrid vehicle will have to pay more under the new VED rate rises this spring
Cars registered on or after April 1, 2017, will pay ?10 more with standard rates rising from ?180 to ?190. However, owners who bought brand new cars worth over ?40,000 in the last five years will also face an Expensive Car Supplement.
This will add an extra ?410 to their bill from April, up from ?390 over the financial year. If you've bought a brand-new car in the last year, you might have to pay more tax.
cont
https://www.dailypost.co.uk/news/north-wales-news/motorists-could-face-paying-hundreds-28655165