Technology

New car tax changes coming this year could cost motorists £130 more

The NEW car tax will be applied in April 2022 and most drivers will be affected.

From spring drivers will have to pay an increased Eco-Vehicle Excise (VED), with the annual car tax price going up to £130.

The increased VED fee will be applied in April 2022.

first

The increased VED fee will be applied in April 2022.Credit: © GrahamHunt

The new car tax 2022, first mentioned at the Fall 2021 Budget, will have different prices and it all depends on the CO2 emissions your vehicle is generating.

The tax increase comes as the government ramps up efforts to reduce CO2 emissions in the UK.

With the push of electric cars becoming the most popular means Nationally, it is not surprising that the tax will not apply to these vehicles because they do not produce any CO2.

All diesel, gasoline and other fuel-powered vehicles will be subject to the new VED regulations and will incur additional costs.

Car tax is broken down into two parts, a standard rate and your VED rate.

The standard rate is a one-time fee of £155. This will increase to £165 from 1 April 2022.

From April, cars priced above £40,000 will have to pay a higher standard one-time fee of £490.

The lowest tax rate will be for vehicles that generate between 1g and 50g CO2 per kilometer.

The drivers who will feel the increase the most are those in the highest tax bracket, who emit more than 255g of CO2 emissions per kilometer.

The tax rate for this band is £2,245 in this tax year, rising to £2,365 in tax year 2022/23 – an increase of £130.

Here are all the new 2022/23 VED tariffs:

  • 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

Nicholas Lyes, RAC’s head of road policy, said: “With car tax rates rising along with inflation from April, taxing petrol and diesel vehicles will cost a little more for the consumer. drive.

“But zero prices for electric cars could encourage people to switch to zero-emissions driving and cut their tax and fuel bills.”

The tax hike will be an even bigger blow to motorists who are feeling the effects of record-high gasoline costs.

The fuel price reached 144.9p one liter in November, making it more expensive to fill up with gas in a car than ever before.

Along with increasing VED, two Clean air zone launching in the UK in Bradford and Manchester.

Areas in both cities will operate slightly differently than areas in London, with Bradford’s fee not applicable to private cars and motorbikes.

Greater Manchester’s Clean Air Zone will launch in May 2022.

Tesla recalls nearly half a million cars after rearview camera and trunk problems ‘increases risk of collision’

We pay for your stories!

Do you have a story for The Sun Money team?

https://www.thesun.ie/motors/8160987/new-car-tax-changes/ New car tax changes coming this year could cost motorists £130 more

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button