Russia has banned the UK’s Prime Minister Boris Johnson and a list of other senior ministers from entering the country over what it describes as the UK’s “hostile” position regarding its war with Ukraine.
05.04.2022 - 11:39 / dailyrecord.co.uk
Drivers are being warned Vehicle Excise Duty (VED), also know as road car tax, which will will rise in price for the majority of motorists.
Car tax increased from April 1 a many people now face paying more to be on the road as cost of living prices rise.
On top of the energy cap going up by 54 per cent, council tax increases, high fuel prices and National Insurance rates rising, drivers will also have to pay for car tax.
VED is calculated using the vehicle’s age and CO2 emissions, with bigger, older engines usually producing more CO2, resulting in higher costs.
The duty has gone up in line with the Retail Price Index measure of inflation, but people with more environmentally friendly vehicles will see smaller rises.
Drivers with higher levels of emissions will see the same increase in the standard rate, but will pay a higher first year rate which increases in increments parallel with emissions.
However electric vehicle owners will still pay no VED, meaning their use of roads in the UK is subsidised by other taxpayers.
Car tax is made up of two payments which drivers are required to pay: standard rate and first year rate.
The first year rate is also known as a “showroom tax” and is based on the CO2 figures when the vehicle was built.
The standard rate is the annual renewal a driver will pay annually from there onwards.
The 2018 Budget outlined that new diesel vehicles registered after April 1, 2018, that do not meet the real driving emission step 2 (RDE2) standard will be charged a supplement on their first year rate to the effect of moving up by one VED band.
Owners of brand new cars that produce 0 grams of carbon dioxide (CO2) emissions and have a price of less than £40,000 don't pay any Vehicle Excise Duty.
Owners of a car
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