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Re: Electric Cars [Re: CooperMan] #756847
29/09/22 03:15 PM
29/09/22 03:15 PM
Joined: May 2019
Posts: 496
Hampshire, UK
I
IMHO Offline
Learner Plates Off!
IMHO  Offline
Learner Plates Off!
I

Joined: May 2019
Posts: 496
Hampshire, UK
Originally Posted by CooperMan
Originally Posted by IMHO


The government will need to replace the financial hole that EV's will create with missing fuel duty revenues - road pricing, EV charging levies... they'll find a way.


I think they’ve already started my VED has been going up relentlessly.

My sons 2011 Euro 5 1.6d Golf is £20 annual VED, my wife’s BMW Euro 6 PHEV is £510 annual VED. So VED has clearly got little to do with pollution anymore.


Isn't that because that includes the over £40k surcharge for the first 5 years ? so really it's only £165 ish IIRC[/quote]

And the surcharge is for what purpose exactly?


M3W Brooklands (2015)
Moody 41 (2013)
Re: Electric Cars [Re: brownbaker] #756857
29/09/22 06:22 PM
29/09/22 06:22 PM
Joined: Nov 2015
Posts: 5,486
Northern Capital of Cool
CooperMan Offline
Just barreling along
CooperMan  Offline
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Joined: Nov 2015
Posts: 5,486
Northern Capital of Cool
Some refer to it as the luxury vehicle tax (I'm NOT defending it)

Which explains some of the bandings here https://www.which.co.uk/reviews/new-and-used-cars/article/car-tax-explained-aqnPf4D3c26Y


Jon M
Re: Electric Cars [Re: brownbaker] #756870
30/09/22 12:46 AM
30/09/22 12:46 AM
Joined: Dec 2018
Posts: 522
C
ChrisConvertible Offline
Talk Morgan Regular
ChrisConvertible  Offline
Talk Morgan Regular
C

Joined: Dec 2018
Posts: 522
Originally Posted by Gambalunga
Originally Posted by ChrisConvertible
So Steve Morris is now Executive Chairman instead of CIO, is that a promotion?

Sounds like retirement to me.


Yes that sounds right, probably with a nice payout.

IMHO/Cooperman - Sounds like a Luxury car tax at £355 over 5 years or £1775 in total which is about $3000AUD. Our Luxury Car Tax 33% of the value over $71,849 for cars that use over7L/100km and over $84,946. When I looked at buying a Plus 4 Morgan 100 edition in 2019 the Luxury Car tax was about $20,000.

Then to register the car in my state there is a 5% Stamp duty which for $120,000 Morgan is another $6,000 payable as part of the first registration. Say I sold the car a couple of years later to someone for say $100,000 they would be stuck with $5000 stamp duty.

Your version of Luxury Car tax is not nice for a car just over £40,000 but a lot less than our version.

If the car is sold to someone else does the £355 over 5 years start again or just once for new cars?

Re: Electric Cars [Re: brownbaker] #756900
30/09/22 01:47 PM
30/09/22 01:47 PM
Joined: May 2019
Posts: 496
Hampshire, UK
I
IMHO Offline
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IMHO  Offline
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Joined: May 2019
Posts: 496
Hampshire, UK
The extra tax is for the first five years, whoever owns it.
It’s a stupid indiscriminate tax set at too low a level that messes up the used car market. We sold a 5 year old SLK that had very low VED and bought a three year old BMW PHEV for £28k that had the extra tax because it had an MLP of £40,200.00 when new. We get over 90mpg, run the car locally off solar and have to pay over £500 VED each year because of an MLP that nobody’s pays anyway.

Led by donkeys.


M3W Brooklands (2015)
Moody 41 (2013)
Re: Electric Cars [Re: brownbaker] #757094
03/10/22 09:24 AM
03/10/22 09:24 AM
Joined: Oct 2016
Posts: 66
J
johncc Offline
Just Getting Started
johncc  Offline
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J

Joined: Oct 2016
Posts: 66
My understanding is the tax applies for the first six years - initial first year registration +5.
I'd be delighted to be corrected if wrong.
I think the thinking is if you can afford to spend £40k on a car you can afford the tax.
Like Jon, I'm not defending it.

Re: Electric Cars [Re: brownbaker] #757605
08/10/22 08:10 AM
08/10/22 08:10 AM
Joined: Mar 2012
Posts: 4,073
South Yorks
Clipper Offline
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Clipper  Offline
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South Yorks
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Source Telegraph


2021 Lapis Blue Plus 6 evil You know it makes sense! thinking





Re: Electric Cars [Re: brownbaker] #757607
08/10/22 08:40 AM
08/10/22 08:40 AM
Joined: Feb 2016
Posts: 5,511
East Harling, Norfolk UK
RichardV6 Offline
Charter Member
RichardV6  Offline
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Joined: Feb 2016
Posts: 5,511
East Harling, Norfolk UK
Originally Posted by CooperMan
Some refer to it as the luxury vehicle tax (I'm NOT defending it)

Which explains some of the bandings here https://www.which.co.uk/reviews/new-and-used-cars/article/car-tax-explained-aqnPf4D3c26Y

For our 2018 Roadsters Jon does this mean that next year our VED will be £165? Just ask because not sure when the 5 year clock starts ticking.


Richard

2018 Roadster - Red/Magnolia - "Morton"
1966 Land Rover series 2a SWB
1945 Moto Guzzi Airone
Re: Electric Cars [Re: brownbaker] #757609
08/10/22 09:02 AM
08/10/22 09:02 AM
Joined: Jul 2007
Posts: 27,078
Cheltenham, Glos. UK
Graham, G4FUJ Offline
Salty Sea Dog
Graham, G4FUJ  Offline
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Joined: Jul 2007
Posts: 27,078
Cheltenham, Glos. UK
In the 6th year I think Richard so 2024.


Graham (G4FUJ)

D8921 L44FOR '93 4/4 Giallo Fly 2 seat smile
'90 LR 90 SW
'09 Alfa Romeo MiTo
Re: Electric Cars [Re: Graham, G4FUJ] #757612
08/10/22 09:50 AM
08/10/22 09:50 AM
Joined: Feb 2016
Posts: 5,511
East Harling, Norfolk UK
RichardV6 Offline
Charter Member
RichardV6  Offline
Charter Member

Joined: Feb 2016
Posts: 5,511
East Harling, Norfolk UK
Originally Posted by Graham, G4FUJ
In the 6th year I think Richard so 2024.

Thanks Graham, that's what I was afraid of frown


Richard

2018 Roadster - Red/Magnolia - "Morton"
1966 Land Rover series 2a SWB
1945 Moto Guzzi Airone
Re: Electric Cars [Re: RichardV6] #757627
08/10/22 03:21 PM
08/10/22 03:21 PM
Joined: Nov 2015
Posts: 5,486
Northern Capital of Cool
CooperMan Offline
Just barreling along
CooperMan  Offline
Just barreling along
Charter Member

Joined: Nov 2015
Posts: 5,486
Northern Capital of Cool
Originally Posted by RichardV6
Originally Posted by Graham, G4FUJ
In the 6th year I think Richard so 2024.

Thanks Graham, that's what I was afraid of frown

Oh, drat frown


Jon M
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