Martin Lewis issues ‘urgent trick’ for drivers to | Tech News
Posting on social media web site X, Martin stated: “Do you have an Electric Vehicle? Urgent trick to save you cash. Please share with anyone it’s relevant for.”
The post shared a clip from ITV’s Martin Lewis Show the place the finance guru shared precisely how motorists may take benefit.
Martin stated: “Have you got an electric vehicle? If so you will start to pay duty on it, typically £200 a year from April 1.
“But if you go onto GOV.UK now and you re-tax it now while it’s free, that will last a year.
“And you can do that even if it isn’t a year since you last taxed it, even if it was two months since you last went and taxed it.
“So regardless of your expiry, if you’ve got an electric vehicle, go and tax it now and you’ll extend the time which it’s tax-free.”
Social media customers had been fast to reward Martin for sharing the advice with many already having fun with the benefit.
@AlisonLacey3 posted: “We have 5 EVs at work, thanks for the tip. I’m now the boss’s favourite money saver.”
@cocoxy31 wrote: “I’ve just done mine and got an extra 5 months! Thank you”
@kimnffckim added: “Thank you! Passed on to my Sister who did both their cars this morning.”
@cabbagepatch66 remarked: “We have 2 EVs in our household and we’ve done this. Thanks for the tip Martin!”
@Pete_Bassist stated: “They should close this loophole, EV’s are heavier and cause more damage than lighter petrol cars so should be taxed more..
In a stroke of luck, Martin even admitted that the director of the show had also taken advantage of the tax renewal to avoid fees.
Martin laughed: “My director Richard is telling me, because we did it on the show about six weeks ago, he’s done it already and it works.”
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