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Are you aware of the forthcoming Tax Changes?

New cars registered after 1st April 2017 will pay a one-off tax charge for the first year based on a heavily revised version of the current CO2 based tax band system. From the second year onwards, the CO2 scale becomes irrelevant as two flat rates will be applied - a £0 (zero) VED rate for zero-emissions vehicles only and a flat annual rate of £140 for all other cars. The only exception to this ruling will be to cars costing in excess of £40,000. They will also be liable to the £140 charge from ‘year two’ onwards, but will in addition be forced to pay an annual supplement over and above these rates of £310, for each of the first five years!

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