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I bought a £41k for £35k - am I liable for the premium tax?
I read with interest your answer about a car which although listed at above £40k, was purchased below the tax premium limit.
I have recently purchased a Nissan Qashqai which is listed at over £41,000. Through a good car buying service I managed to reduce this to around £35,000. According to your answer I could pay less tax as I have a receipt for the amount I paid. The log book however states that as the list price is over £40,000 I am eligible to pay the extra amount?
I have recently purchased a Nissan Qashqai which is listed at over £41,000. Through a good car buying service I managed to reduce this to around £35,000. According to your answer I could pay less tax as I have a receipt for the amount I paid. The log book however states that as the list price is over £40,000 I am eligible to pay the extra amount?
Asked on 19 April 2023 by andyjack
Answered by
David Ross
The premium rate of VED is based on the list price plus options at the time of purchase, so although you paid less than this, at the time of purchase the list price was in excess of £40,000 so unfortunately it qualifies for the premium rate. This avoids dealers being able to offer discounts in order to avoid the premium rate.
The difference with the previous question you're referring to is that at the time of purchase the list price was below £40,000, but the list price had passed this before the order was completed.
The difference with the previous question you're referring to is that at the time of purchase the list price was below £40,000, but the list price had passed this before the order was completed.
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