Owners of older vehicles built between these years | Tech News
Motorists getting behind the wheel of these older vehicles will likely be affected by new Vehicle Excise Duty (VED) car tax rises set to launch within days. Classic vehicles first registered between 1985 and 2001 will likely be answerable for greater VED charges from April 1 in a blow for a lot of petrol and diesel house owners.
Historic vehicle tax exemption guidelines state traditional vehicles will solely pay no VED expenses 40 years after they’re first registered on the highway. This is completed on a rolling foundation, with vehicles built earlier than January 1, 1985 set to be exempt from subsequent Tuesday. However, vehicles built simply after this date will nonetheless should pay VED charges and can even be hit with hikes.
Vehicles registered between 1985 and 2001 pay VED charges primarily based on the dimensions of their engines with completely different charges relying on the model.
Analysis from finance consultants at Pete Barden reveals vehicles with engines beneath 1549cc pays £220 over the 2025/26 tax yr.
This is up from the present £210 payment which was additionally greater than the £200 annual expenses issued to highway customers between 2023/24.
Those with bigger vehicles with engines above 1549cc pays £360 from April, a £15 increase on the £345 payment at present issued.
However, that is nonetheless a smaller rise than the £20 increase drivers confronted this time final yr the place expenses have been up from £325.
Motorists can tax their vehicles online utilizing the official GOV.UK web site in simply minutes.
However, these with entry to the web may pay highway tax expenses by calling the DVLA or at a Post Office department.
HM Revenue and Customs (HMRC) have beforehand reassured highway customers that the will increase have been a “standard uprating” according to Retail Price Index (RPI) inflation.
HMRC confirmed the new charges would “impact” drivers who owned a vehicle however pressured charges would “remain unchanged” in real terms.
HMRC commented: “This measure will impact on motorists owning a car, van or motorcycle or using a motorcycle trade licence.
“The increase in Vehicle Excise Duty rates is in line with Retail Price Index meaning rates will remain unchanged in real terms for vehicle owners.”
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