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New Tax Rules

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New Tax Rules

With huge changes to in Vehicle Excise Duty (VED) system imminent; buyers are facing bigger road tax bills!

The current road-tax system is prety straightforward - the more carbon dioxide (CO2) your car emits, the more tax you pay each year.

That’s all changing this year, though. Any new car registered on or after 1 April will be taxed according to the new rules. Under these rules, the first year of tax will remain based on CO2 emissions, but after that all cars – aside from fully electric and hydrogen fuel-cell vehicles – will cost £140 a year to tax. Furthermore, cars with a list price (after options) of over £40,000 will be subject to an additional £310 levy – although this extra cost is only applicable for the first five years of the car’s life. CO2 emissions will still play a part in the new system, though – at least for the first year. From 1 April, the first year road tax cost for a new vehicle could be anything from £10 to £2,000. 

So, what does this mean to 4x4 drivers? Well, put simply, if you want to save on the first year tax payment, or indeed the 5 years additional £310 levy, then Saxton 4x4 is the answer. We have over 500 premium new or nearly new 4x4s in stock saving you potential £k's in tax. So have a search online and get in touch...

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