I know that if I buy certain new cars, they suffer 'first year' VED at premium rates. And this is only going to increase after Rachel's Budget.
My question is, does anybody know if I buy a car that is, say, 8 months old and tax it....
Will I be clobbered with 12 months tax at the full rate?
Or a blended rate of 4 months at the first-year rate, and 8 months at the subsequent rate?
Cheers, Colin