VED Taxation

[Anton8]

Possibly found a loop hole for all of us with 100% electric vehicles. Mine will need it's VED tax renewed in June. That means that it will attract the new taxation class and possible the luxury car tax as well, which starts in April. There is nothing to stop me from renewing by March 31st at zero VED and getting almost another year at zero rate until March 2026. I will try it anyway.

[cliffcoggin]

I have read of the same trick elsewhere. Not much use to me as mine is taxed from February.

[Stevey Y]

9 hours ago, Anton8 said:

Possibly found a loop hole for all of us with 100% electric vehicles. Mine will need it's VED tax renewed in June. That means that it will attract the new taxation class and possible the luxury car tax as well, which starts in April. There is nothing to stop me from renewing by March 31st at zero VED and getting almost another year at zero rate until March 2026. I will try it anyway.

Hi well gents you did not expect the zero rating to last ?, they have pulled this stunt before but you dont expect Ms Rayner to miss that grabbing opportunity do you.

Steve.

[cliffcoggin]

I consider myself lucky to have paid no tax, (or Road Fund License as I still think of it,) for three years so I am not unhappy. Roads need to be paid for, and if it was not Rayner taxing us it would be another Chancellor of any political persuasion you care to name.

Sorry chaps, but I shall continue to discretely laugh up my sleeve at you unfortunate fellows paying exorbitant prices for liquid fuel plus duty plus 20% VAT, while I refuel on cheap overnight electricity plus 5% VAT.

[Anton8]

When you look at it like that we have not done bad.  

[Stevey Y]

22 hours ago, cliffcoggin said:

I consider myself lucky to have paid no tax, (or Road Fund License as I still think of it,) for three years so I am not unhappy. Roads need to be paid for, and if it was not Rayner taxing us it would be another Chancellor of any political persuasion you care to name.

Sorry chaps, but I shall continue to discretely laugh up my sleeve at you unfortunate fellows paying exorbitant prices for liquid fuel plus duty plus 20% VAT, while I refuel on cheap overnight electricity plus 5% VAT.

Hi Cliff please feel free to laugh at us but when they start charging the electricity from the chargers at a vastly inflated rate circa 2027 we will all be on a level playing field, you did not think they were going to miss out on that one in view of the drop in fuel duty they predict they will get, no its all shaping up nicely, far more VAT on the new overpriced milk floats and getting rinsed for the electricity the other end, the day will be here soon when everyone will have fond memories of £1.45 a litre instead of £1.80 + a unit for electric, then you have the added bonus of owning something that depreciates faster than a lead balloon, add to this the higher carbon rates to produce the balloon you begin to wonder what is the point, I think its a case of the Kings New Clothes, most sensible lateral thinking people just dont buy it.

Steve.

[cliffcoggin]

I'll cross that bridge if I ever come to it, as I expect to expire long before the car does.

[alpha omega]

2 hours ago, cliffcoggin said:

I'll cross that bridge if I ever come to it, as I expect to expire long before the car does.

no cliff we dont care what you or steve drive.stay with us😉