Tax / Cars

VED road tax: how does car tax work and how much will it cost?

Posted On: 25 Sep 2020   |   Posted By: Auto Express

VED road tax: how does car tax work and how much will it cost?

Vehicle Excise Duty - more commonly referred to as 'road tax' - isn't the most straightforward aspect of car ownership to understand. The factors that determine how much VED drivers pay have been chopped and changed quite frequently over the years, which isn't surprising when you consider this levy generates around £5 billion a year for the Treasury.
The latest changes came in April 2020, when calculations using WLTP (Worldwide Harmonised Light Vehicle Test Procedure) carbon dioxide emissions figures were introduced for the first time. Additionally, annual rates were increased slightly in line with inflation and the supplement on cars worth more than £40,000 was scrapped for electric cars. Other than that, the same core structure introduced in 2017 was retained.
How much will it cost to tax my car?
This depends on when a car is bought: with the exception of inflationary increases, changes to the road tax system are not retroactively applied, so the system that was in place when a new car was first...

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