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Vehicle Excise Duty (VED) for all new cars registered from the 1st April onwards is being reformed.
VED for the first year will vary according to CO2 emissions of the vehicle (see Table 1).
After the first year, the amount of VED that needs to be paid depends on the type of vehicle. The rates are:
New vehicles with a list price of more than £40,000
If a vehicle has a list price (the published price before any discounts) of more than £40,000, the rate of VED is based on CO2 emissions for the first year.
After the first year, the rate depends on the type of vehicle (petrol, diesel, alternative fuel or zero emissions) and an additional supplement of £310 is payable each year for the next 5 years.
After those 5 years, the vehicle will then be taxed at one of the standard rates (£140, £130, or £0, depending on vehicle type).
Rates for second payment onwards
If you need help and advice on Vehicle Excise Duty, please contact Sence on 01530 267 320 or email firstname.lastname@example.org
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