NEW rules are coming in about road tax.
From April 1, Vehicle Excise Duty (VED), is changing. This means a switch up to new road tax bands which will affect anyone buying a new car.
So is it better to wait until April 1st, or is it more cost-effective to change cars before the new regulations come in?
Well- the answer depends on the vehicle you plan to buy and its CO2 emissions.
Unlike the current system, where low-emission petrol and diesel cars are tax exempt, the new VED system will only be free for vehicles with no tailpipe emissions - so electric and hydrogen cars.
There is also a new five-year supplement of £310 to pay for cars costing more than £40,000.
The changes were set in motion by former Chancellor George Osborne, as a response to falling CO2 emissions levels from new cars in the UK.
Under the current VED scheme, most new cars are paying little to no tax (costing the Treasury millions.)
The new road tax regulations will mean higher tax prices for all new cars in the first year of registration, and a flat rate of £140 for most cars thereafter.
The new rules will not apply to existing cars. All cars registered before April 1 will remain in the current tax system, which is not changing.
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