Older drivers to be hit hardest by April car tax | Tech News

Older drivers will be “hit hardest” by new Vehicle Excise Duty (VED) car tax updates launched this April, in accordance to main consultants. Andy Wood, International Tax Expert at Tax Natives warned the new charges would be a “strain on finances” with older petrol and diesel homeowners set to pay thousands and thousands more to use the highway.

The finance specialists warned that “baby boomers”, often described as people born between 1946 and 1964, will really feel the most important sting. This would imply older highway customers between the ages of 61 and 79 fall into the class in a main blow. According to the consultants, older drivers are “less likely” to own zero-emission automobiles or hybrid fashions with many counting on combustion fashions.

These are among the many worst affected automobiles beneath the new tax guidelines with hefty hikes throughout the board.

Andy stated: “As the tax charges for petrol and diesel automobiles increase, older drivers, who’re more doubtless to be driving such vehicles, will face some of the best will increase.

“The change will hit child boomers the hardest, who’re additionally much less doubtless to own newer, cleaner fashions like electric or hybrid vehicles.

“These drivers are set to pay an estimated £40.5 million more as a result of the new tax changes, which could further strain their finances, especially if they are unaware of the tax increases that could be applied to their vehicles.”

Older vehicles registered between 1985 and 2001 are additionally impacted with charges growing regardless of motorists’ engine capability, 

Cars with engines above 1549cc can pay £36- from April 2025, up from the earlier fee of £345.

Smaller vehicles under the 1549cc threshold can pay £220 this Spring, an increase of £10 on the £210 charge motorists have been issued up till not too long ago.