Talk Morgan Forums Community The Malvern Arms Electric Cars

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?

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

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?

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.

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.

Source Telegraph

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.

In the 6th year I think Richard so 2024.

Thanks Graham, that's what I was afraid of

Oh, drat