Car Tax

[Mad Farmer]

Have just seen this.. Cars with a list price over £40,000 will have to pay £450 road tax

What are the changes?

In 2015, the Government announced that the way in which they charge road tax would change from 1st April 2017. Currently road tax is based on the CO2 emissions of the vehicle, i.e. the higher the CO2 emissions of the vehicle the more road tax is due. There is one rate for the first year (First Licence Rate) and another for the second and subsequent years (Standard Rate). The Standard Rate, like the First Licence Rate also increases with CO2 emissions. From April 2017, the first year rate will continue to be related to the CO2 emissions of the vehicle, however the bands will change and rates due will increase.

In the second and subsequent years, the ‘Standard’ rate of road tax will no longer be related to CO2 but will be related to the list price of the vehicle. For vehicles with ‘List Price’ of £40,000.00 or less, the rate will be £140. For vehicles with ‘List Price’ over £40,000.00, an ‘additional rate’ of £310 (a total of £450) will be due for 5 years from end of the first year. After the additional rate expires the £450 will revert to £140, or whatever the prevailing rate is at the time.

 

[Roger Perry]

That's a tax on success, you work hard to create a better life/drive a better vehicle...........so you are penalized for it.

 

[TechWise]

That's a tax on success, you work hard to create a better life/drive a better vehicle...........so you are penalized for it.

That seems to be the way this country is going. Most of the main political parties seem to want to hammer the so called high-earners to support the "disadvantaged".

They seem to forget that these high earners are the doctors, architects, engineers etc that keep the country running.

I personally will be spending five years at university earning next to nothing whilst a lot of my friends are working full time for a decent wage. I like to think I'll be due an above average salary at the end of it.

 

[Grain Buyer]

hang on......so in my current car I'm paying nearly £500 due to CO2s.....it's over 5 years old, is my tax going to drop to £140?

 

[Weare Cham]

hang on......so in my current car I'm paying nearly £500 due to CO2s.....it's over 5 years old, is my tax going to drop to £140?

This is only for cars registered after April 2017 I think

 

[Penmoel]

no

 

[Grain Buyer]

yeah, just googled it. I'm stuck on the £500 band. Better give the garage a ring and tell them to hurry up with my new Ferrari, looks like the first year of tax could be a bugger.

 

[llamedos]

https://thefarmingforum.co.uk/index.php?threads/road-tax.108430/

 

[Yale]

Some big cars float my boat.

However when I wake up from my daydream I remind myself of the running costs and how it would kill me to shell out the money.

 

[Wombat]

That's a tax on success, you work hard to create a better life/drive a better vehicle...........so you are penalized for it.

So is 40% income tax

 

[Weare Cham]

no

Just looked it up. It is for cars registered after 1st April 2017.

 

[MF-ANDY]

Glad mine's coming in March then [emoji23]

 

[R tea]

That's a tax on success, you work hard to create a better life/drive a better vehicle...........so you are penalized for it.

Aye we have just paid a few hundred quid to send the eldest away with school for a few days, a few in her class who's parents work could not afford it so their kids stayed at school.
Turns out the lazy barstewards in the village who don't work kids went though all paid for by the government as they are on benefits, what a sh!t hole of a country we live in.