Unexpected car tax hike planned

According to car finance news this morning, the Government will still apply increased road tax charges to some motorists, despite changing the proposed hike in car tax.

The Finance Bill will bring in some ‘retrospective’ changes to vehicle excise duty (VED), leaving many drivers facing higher bills.

The previous changes made polluting cars pay more money, but were shelved due to huge opposition. The plans would have seen some 1.2 million drivers hit by huge bills of over £200.

David Gauke was reported as commenting: If someone has bought a car that was made after 2001 or registered after 2001 and then subsequently finds that they will be paying more vehicle excise duty in future years, they are as it were committed to that car, stuck with that car in a way, and are faced with a tax bill that they didn't anticipate.

Car Finance

Unexpected car tax hike planned

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