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So, what are the new rules?
The first time you tax a new vehicle, the tax is based on the CO2 emissions. Take a look at https://www.gov.uk/vehicle-tax-rate-tables/vehicles-registered-on-or-after-1-april-2017 to find out how much one might pay.
The second time you tax a car depends on the type of vehicle. Under these new rules, the following guidelines apply:
• £140 a year for normal petrol or diesel vehicles
• £130 a year for alternative fuel vehicles (hybrids, bi-ethanol and LPG)
• £0 a year for vehicles with zero CO2 emissions
Additional rates for vehicles valued over £40,000
If your vehicle has a list price of over £40,000, you’ll have to pay the usual rate based on CO2 emissions the first time it’s taxed. However, the second time you’ll pay one of the new rates, dependent on the type of vehicle and an extra £310 a year for the next 5 years. It’s important you check the list price with your dealer, so you know how much tax to pay.
To find out more on the new vehicle tax rates, please visit https://www.gov.uk/newvehicletaxrates