How does the £40k road tax VED rate work?
I have a BMW 335d GT first registered in December 2017. The car's original list price was over £40,000, which means I have to pay the higher VED rate. But I am confused about the length of time this higher road tax rate is applied for.
When I check the road tax status it says I have to pay this supplement until 30/11/2023? I thought the extra supplement was for five years not six? Can you please confirm how many years I need to pay the extra road tax?
regards,
Malcolm Macmillan
When I check the road tax status it says I have to pay this supplement until 30/11/2023? I thought the extra supplement was for five years not six? Can you please confirm how many years I need to pay the extra road tax?
regards,
Malcolm Macmillan
Asked on 27 September 2021 by Malcolm Macmillan
Answered by
Dan Powell
The premium £40k car tax rate is paid for five years in which the standard rate of VED paid (from the second year the vehicle is taxed). The car's first-year VED rate is based on the CO2 emissions and is not included in this timeframe.
For more details on the road tax VED system, see: www.honestjohn.co.uk/cheap-road-tax/
For more details on the road tax VED system, see: www.honestjohn.co.uk/cheap-road-tax/
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