Wednesday, March 12, 2008
Large car tax hit in budget
Drivers of larger vehicles will be hit with increased car tax, following on from Chancellor Alistair Darling’s budget announcement.
But the rise in fuel duty, expected to rise by 2p on April 1, has been postponed until the autumn.
From April 2009, new car buyers with CO2 above 160g/km will have to pay a supplement to vehicle excise duty (VED). For cars emitting more than 255g/km CO2 this rises to £950 (of which £455 is VED).
From April 2010, there will be a new first-year rate based on carbon dioxide emissions of the car. Cars that emit less than the proposed 130 g/km will pay no car tax at all in the first year. But a higher first year rate will be introduced on the most polluting cars.
DATED: 12.03.08
FEED: AM
But the rise in fuel duty, expected to rise by 2p on April 1, has been postponed until the autumn.
From April 2009, new car buyers with CO2 above 160g/km will have to pay a supplement to vehicle excise duty (VED). For cars emitting more than 255g/km CO2 this rises to £950 (of which £455 is VED).
From April 2010, there will be a new first-year rate based on carbon dioxide emissions of the car. Cars that emit less than the proposed 130 g/km will pay no car tax at all in the first year. But a higher first year rate will be introduced on the most polluting cars.
DATED: 12.03.08
FEED: AM
