Petrol and diesel vehicle ENGINE is at risk of a car tax increase in 2022.
The new one Vehicle excise tax (VED) Rates come into effect in April 2022 and can be expensive for those with unfriendly cars.
The car tax is now split into two parts, the first being an annual road tax, which is a one-time payment of £155.
The annual road tax will increase by £10, making the new cost £165 from 1 April 2022 onwards.
The second part is VED and the cost of this will depend on how much CO2 your car emits.
This format means that cars that produce greater CO2 emissions will incur higher VED costs.
VED prices have increased in all but two brackets for 2022, 1g to 5g/km and 51g to 75g/km.
Cars that generate CO2 emissions above 255g/km, the highest, will see their VED tax increased by £130 from current levels.
In addition to any additional fees, cars costing more than £40,000 will have to pay a higher standard one-time fee of £490, a huge jump from the current charge of £335.
This increase is in line with Retail Price Index (RPI) inflation, which is expected to drive more motorists towards electric or eco-friendly cars.
Vehicles that generate CO2 emissions of 0g/km will not have to pay any fees to the VED.
If you haven’t had a chance to check out and see what the new VED tax brackets are, here are their rates for tax year 2022/23:
- 1g to 50g – £10
- 51g to 75g – £25
- 76g to 90g – £125
- 91g to 100g – £150
- 101g to 110g – £170
- 111g to 130g – £190
- 131 to 150g – £230
- 151g to 170g – £585
- 171g to 190g – £945
- 191g to 225g – £1,420
- 226g to 255g – £2,015
- over 255g – £2,365
Alex Kindred, auto insurance specialist at Confused.com “While the changes to the Vehicle Tax (VED) glaze are consistent with the costs of inflation, it could still come as a shock to some motorists, who may have to pay more for their car tax than in previous years.
“Electric vehicle drivers won’t be affected by these new changes as the changes are completely zero-emissions, so you should consider this if you’re thinking of changing up your vehicle this year.” to or so.”
Not only drivers have to worry about tax increases, but the cost of refueling your car has also increased in recent months.
Suggesting ways to save some pounds, Alex says: “Searching online to compare fuel costs at your local stations can save you a few pounds when you fill up on gas.”
Confused.com allows you to search for prices of petrol stations in the UK. All you need to do is enter your postal code and tell it how far you want to go (up to 20 miles).
In another development, the Mayor of London wants motorists to switch to petrol and diesel cars greener method.
More, UK SUV drivers could save 8.7 million tons of carbon emissions, but they will have to switch to electric cars.
https://www.thesun.ie/motors/8232421/drivers-warned-new-tax-2022/ Drivers warn of new auto tax regulations for 2022 that will affect petrol and diesel engines