Car tax rising
As of April, Vehicle Excise Duty – the tax you pay to have you vehicle out on the road – will rise by 10.1%.
Normally the exact amount your VED goes up by every year depends on the vehicle and other factors, including its weight.
It usually depends on when you registered your vehicle too.
If you want to check how much more you will pay from April 1, you can work out the maths yourself.
You just have to go on the Government’s page on Vehicle tax rates and then scroll down to the option that best matches your car, bike or van.
Take the cost, divide it by 100, then multiply that by 10.1%. You then add that figure on to the original figure you would currently pay and you’ve got the new amount.
For example, if you had to pay £150 vehicle tax based on current rates, you will have to pay £165 from April 1.
If you had to pay £230 based on current rates, you will have to pay £253.23 from April 1.
If you’d pay £585 now this will go up to £644 from next month.
It’s usually cheaper to pay for the whole year upfront while if you buy a car that runs on alternative fuels such as ethanol, it helps too.
If you have an electric car, you won’t have to pay until April 2025.
This post first appeared on thesun.co.uk
