On 1 April 2010 new rates of Vehicle Tax are introduced and some of the rises are spectacular:
Band M cars (those with a CO2 g/km rating above 255) will pay £950, instead of the current £405, for a 12-month tax disc. Don't be fooled into thinking that this applies only to big 4x4s and supercars, it does apply to Range Rovers but also to vehicles such as the Vauxhall Insignia 2.8.
Band L cars (ranging from 226-255g/km) will now pay £750 instead of £425 for the first year; cars affected include the Ford S-Max 2.3.
Band K cars (201-225g/km) cars will pay £550, up from £215; that's for cars including the Ford Mondeo 2.3 or Focus 2.5.
Band J cars (186-200g/km) will pay £425 rather than £235; that's for cars such as the Honda CR-V 2.0 and even the Vauxhall Corsa 1.6.
Band I cars (176-185g/km) will see their first year tax rise from £200 to £290; affecting cars such as the Land Rover Freelander 2.2 diesel and the Vauxhall Astra.
Band H cars (166-175g/km) cars see a tax increase from £180 to £250 for such 'gas guzzling' cars as the 38mpg VW Beetle 1.6.
Band G cars (151-165g/km) see no increase and neither do band F and band E.
The increases go on and on but here's the percentage increase for each band:
M +118%
L +76%
K +124%
J +81%
I +50%
H +39%
G 0%
F 0%
E 0%
D -100%
C -100%
B -100%
A -100%
So if you are thinking of buying an interesting new car, I'd buy it this afternoon....
I should make clear that the new Vehicle Tax rules apply only to motorists buying new cars from 1 April 2010. Owners of existing will pay the old rates, unless another stealth tax is required...
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