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VED rates from 1/4/23
- Chippie
- Senior Member
- Posts: 2372
- Joined: Tue Apr 30, 2019 9:11 pm
- Location: Wakefield
VED rates from 1/4/23
Are people aware of the cost of taxing a new vehicle registered from the 1st April 2023.
https://assets.publishing.service.gov.u ... hicles.pdf
That means a M40i will be £1040 per year.
And that will be each year and no doubt will increase annually.
https://assets.publishing.service.gov.u ... hicles.pdf
That means a M40i will be £1040 per year.
And that will be each year and no doubt will increase annually.
E89 35is space grey Kansas coral red leather
- TitanTim
- Lifer
- Posts: 8149
- Joined: Sun Feb 12, 2012 11:21 pm
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OnlineMr Tidy
- Legend
- Posts: 24288
- Joined: Wed Jul 02, 2014 12:18 pm
- Location: North West Surrey
VED rates from 1/4/23
Ouch.
Suddenly my MC tax looks slightly less painful at just £695!![Laughing :lol:](./images/smilies/laughing.gif)
![Surprised :o](./images/smilies/shocked.gif)
Suddenly my MC tax looks slightly less painful at just £695!
![Laughing :lol:](./images/smilies/laughing.gif)
Coupes because stunning!
Current - Silver Grey MC, Imola Red heated Nappa & carbon trim. Aeros, H & R Coil-overs, 224s, OE Strut brace, Nav, cup-holders, DSP Hi-Fi, pdc, cruise, MFSW, no CDV! E90 330i daily
Gone - Montego Blue
Gone - Ruby Black
Current - Silver Grey MC, Imola Red heated Nappa & carbon trim. Aeros, H & R Coil-overs, 224s, OE Strut brace, Nav, cup-holders, DSP Hi-Fi, pdc, cruise, MFSW, no CDV! E90 330i daily
Gone - Montego Blue
Gone - Ruby Black
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Online
- Lifer
- Posts: 8850
- Joined: Wed Jan 20, 2021 7:20 pm
- Location: Spaldingski
VED rates from 1/4/23
That's not how I read it.
First year @ £1,040, then 2nd onwards @ £180 plus £390 if over £40,000 new cost until year 7 which will be less the £390.
First year tax rates have been high for a while, but they are normally included in the on the road costs from the supplying dealer.
I can't see that anything has changed TBH (except the small increase each year).
All good things come to those who wait. I'm really impatient which explains a lot.
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
- Chippie
- Senior Member
- Posts: 2372
- Joined: Tue Apr 30, 2019 9:11 pm
- Location: Wakefield
VED rates from 1/4/23
Having looked again I think you are correct, I’d had a conversation with an old friend earlier who had insisted that it was for every year and I’d presumed he was correct without fully reading up on it
![Headbang :headbang:](./images/smilies/headbanger.gif)
E89 35is space grey Kansas coral red leather
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- Senior Member
- Posts: 1452
- Joined: Thu Aug 24, 2017 12:57 pm
- Location: Leamington Spa
VED rates from 1/4/23
i'm pretty sure my next car will be made in 2017... which means it can be as big, as polluting and as expensive as you like, and it'll still only be £180 a year to tax as it'll be on the flat rate, but older than 5 years old so the 'expensive car' additional rate will have expired.
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- Member
- Posts: 212
- Joined: Tue Aug 11, 2015 12:35 pm
VED rates from 1/4/23
Correct - basically a 1 year "new car tax". Unlike the Z4M annual "Fun car tax"
![Sad :(](./images/smilies/sad.gif)
Sadly the £500pa saving isn't enough to persuade the wife to chop it in for a 570GT.
2006 Imola Z4MC (wife's shopping trolley)
1990 Toyota Carina (Started as a free family heirloom, now apparently a Classic)
2016 Toyota Avensis 1.6D (yup, the *really* slow one).
2011 TDM900
1997 VFR750 project. 95% complete. Only 30% left to do.
1990 Toyota Carina (Started as a free family heirloom, now apparently a Classic)
2016 Toyota Avensis 1.6D (yup, the *really* slow one).
2011 TDM900
1997 VFR750 project. 95% complete. Only 30% left to do.
- Nictrix
- Lifer
- Posts: 5488
- Joined: Mon Aug 18, 2014 9:59 pm
- Location: Paisley
VED rates from 1/4/23
Just got the tax renewal through for the Z4, holy s**t they have hiked it this year.
It has gone from 340 last year to 395 this year.
Thats the biggest increase I think I have ever seen for tax.
It has gone from 340 last year to 395 this year.
Thats the biggest increase I think I have ever seen for tax.
E89 2014 35i M Sport Black with Black leather ![Smile :)](./images/smilies/original.gif)
![Smile :)](./images/smilies/original.gif)
- pvr
- Legend
- Posts: 26457
- Joined: Fri Jun 15, 2007 12:27 pm
- Location: South East UK
VED rates from 1/4/23
My first year tax was something like £3k for the M, but next year it will be a cheap £180 ![😂](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f602.svg)
Current:
911-50 Black - unique spec
X5M - 575 hp of fun in a V8
Abarth 595 Comp.
Golf Clipper - collectors item
Z4 3.0si Black Sapphire
VW ID.3
Previous:
Z4M Silver Grey - non flimper spec (gone to Bing)
Z4 3.0 Toledo
911-50 Black - unique spec
X5M - 575 hp of fun in a V8
Abarth 595 Comp.
Golf Clipper - collectors item
Z4 3.0si Black Sapphire
VW ID.3
Previous:
Z4M Silver Grey - non flimper spec (gone to Bing)
Z4 3.0 Toledo
- Nictrix
- Lifer
- Posts: 5488
- Joined: Mon Aug 18, 2014 9:59 pm
- Location: Paisley
VED rates from 1/4/23
Im wondering if it will still be £180 by the time next year comes.
My X6 should be £180 next year but with everything else going up Im not so sure it will be.
E89 2014 35i M Sport Black with Black leather ![Smile :)](./images/smilies/original.gif)
![Smile :)](./images/smilies/original.gif)
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Online
- Lifer
- Posts: 8850
- Joined: Wed Jan 20, 2021 7:20 pm
- Location: Spaldingski
VED rates from 1/4/23
I will wager it will be £200. Increases seem to be on average about 10% pa, although your Z4 was much higher than that this year for some reason.
![Confused :?](./images/smilies/unsure.gif)
April is when they do the increases from (beginning of the tax year).
You could SORN a car for a week, middle of March. Get the refund then re-tax it in March so you get almost 12 months at 'last year's rates'
![Thumbs Up :thumbsup:](./images/smilies/smilie_thumbsup.gif)
Martin Lewis has got nothing on me!
![Very Happy :D](./images/smilies/biggrin.gif)
All good things come to those who wait. I'm really impatient which explains a lot.
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
- Nictrix
- Lifer
- Posts: 5488
- Joined: Mon Aug 18, 2014 9:59 pm
- Location: Paisley
VED rates from 1/4/23
16.17% for the ZPondrew wrote: ↑Wed Aug 09, 2023 9:06 pmI will wager it will be £200. Increases seem to be on average about 10% pa, although your Z4 was much higher than that this year for some reason.
April is when they do the increases from (beginning of the tax year).
You could SORN a car for a week, middle of March. Get the refund then re-tax it in March so you get almost 12 months at 'last year's rates'![]()
Martin Lewis has got nothing on me!![]()
I dont think your idea would work. Is there not something in the system about not being able to sorn and retax in the same month?
E89 2014 35i M Sport Black with Black leather ![Smile :)](./images/smilies/original.gif)
![Smile :)](./images/smilies/original.gif)
- pvr
- Legend
- Posts: 26457
- Joined: Fri Jun 15, 2007 12:27 pm
- Location: South East UK
VED rates from 1/4/23
You can tax it again but only at a post office, but I am sure that the loss of a full month of tax (is double pay in March) will offset the gains
Current:
911-50 Black - unique spec
X5M - 575 hp of fun in a V8
Abarth 595 Comp.
Golf Clipper - collectors item
Z4 3.0si Black Sapphire
VW ID.3
Previous:
Z4M Silver Grey - non flimper spec (gone to Bing)
Z4 3.0 Toledo
911-50 Black - unique spec
X5M - 575 hp of fun in a V8
Abarth 595 Comp.
Golf Clipper - collectors item
Z4 3.0si Black Sapphire
VW ID.3
Previous:
Z4M Silver Grey - non flimper spec (gone to Bing)
Z4 3.0 Toledo
-
Online
- Lifer
- Posts: 8850
- Joined: Wed Jan 20, 2021 7:20 pm
- Location: Spaldingski
VED rates from 1/4/23
OK. I was just thinking out loud (I do that)!
In that case just don't bother taxing at all and IF you get caught pay the £100 fine and maybe 3 points. I've watched enough 'Police interceptors' to realise it's not exactly a biggie for them.
All good things come to those who wait. I'm really impatient which explains a lot.
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
- pvr
- Legend
- Posts: 26457
- Joined: Fri Jun 15, 2007 12:27 pm
- Location: South East UK
VED rates from 1/4/23
No points for no tax ![Wink :wink:](./images/smilies/wink.gif)
![Wink :wink:](./images/smilies/wink.gif)
Current:
911-50 Black - unique spec
X5M - 575 hp of fun in a V8
Abarth 595 Comp.
Golf Clipper - collectors item
Z4 3.0si Black Sapphire
VW ID.3
Previous:
Z4M Silver Grey - non flimper spec (gone to Bing)
Z4 3.0 Toledo
911-50 Black - unique spec
X5M - 575 hp of fun in a V8
Abarth 595 Comp.
Golf Clipper - collectors item
Z4 3.0si Black Sapphire
VW ID.3
Previous:
Z4M Silver Grey - non flimper spec (gone to Bing)
Z4 3.0 Toledo