Motorists will see the amount of vehicle tax they pay increase this financial year after changes came into force last weekend. Charges are increasing for almost all petrol and diesel vehicles, with electric cars and vans remaining exempt from tax until 2025.
It means that those with fuel run cars will see their yearly tax rate rise if registering after the April 1 deadline. Starting from 52 to 75 CO2 band, drivers will be required to pay £30, an increase of £5 from £25.
On the other end of the spectrum, owners of vehicles within the most polluting group - 255 CO2- will see tax increase by £240 to £2,605 per year. Those who own petrol and diesel cars registered between March 2001 and April 2017 will see their payments increase to £695 per year- or £729.75 if paid in instalments across 12 months - reports Daily Record.
During the last financial year, drivers of these vehicles paid £630 in tax for the year if paid in one lump sum or £661.50 through 12 monthly instalments. Anyone unsure of their tax rate can use their vehicle details to find out the cost and increases online here.
Failing to tax a vehicle on time or knowingly driving an untaxed vehicle can result in a hefty fine as well as voiding insurance.
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