Quote:
Originally Posted by Isow
I’m sorry to dig this thread up again.
If I’m buying a new car and the on the road price is £40,200 including the
first year road tax do I have to pay the extra £340 road tax in the next 5 years ?
If the on the road price is £40,200 minus the £515 first year road tax = £39,685 and therefore the price of the car is under £40K and therefore exempt from the extra £340.
Am I right in thinking the list price of the car doesn’t include the first year
Road tax ?
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Vehicles with a list price exceeding £40,000 (including factory installed options, delivery charge, number plates and VAT) will pay an additional £310 plus the standard annual rate for a 5 year period. After the 5 year period only the standard rate will apply.
You can disregard VED and the £55 first reg fee in your calculations I think!