A new "showroom tax" RFL rate comes into effect on April 1st. I am getting flooded with enquiries about road tax; to me people are disproportionately concerned with this as it pales into insignificance compared to other costs. But, it does bother people.
However, I have made a table which shows the effects on new cars registered after April 1st (also has the difference in new rates vs current rates shown).
Anything up to CO2 band G has either a saving or a very slight increase. Band G is the watershed really. Higher band cars increase more significantly with a band M car having a cumulative total £635 increase over the next 4-years.
Band D cars are the biggest savers, saving £210 over 4-years compared with current rates. It's not all bad news!
My table is here: www.lingscars.com/roadtax.pdf
My view is that it's pretty equitable and welcome - will certainly encourage a drift into more economical cars, if not cause it. I can imagine residual values increasing on smaller cars and decreasing on larger cars by a hundred pounds or so, though that is stating the obvious I suppose.
The industry bodies have generally been against the changes, but I must say, I see a more polarised VED table as a good thing. Why not?
Ling
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