What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
When do I stop paying the premium rate of road tax?
I have a 2020 (August) BMW X1 M Sport, I am currently paying £570.00 per annum road tax. I understand that the excise duty is higher for vehicles over £40,000 when new, however when will the cost fall, and if so what would the annual duty be?
Asked on 18 August 2023 by Patrick Stanyer
Answered by
David Ross
If you are paying the premium rate of VED on your BMW, this is charged for five years from the second time the vehicle is taxed, so this will apply for you until August 2026. At the current rates your VED amount would reduced to £180, but it is likely that rates will change again before 2026.
Similar questions
If I purchase a new car sub £40,000 it is not subject to luxury tax but if I add options which take it over 40k is it liable to the luxury car tax?
I have a Ford Fiesta 1.0-litre EcoBoost, registered 2020. It is exactly the same model as the one I had from new in 2013, road tax free. Why am I now paying £190. Surely the new ones emissions will be...
I have Smart 450 imported from Australia in 2013, it's a standard car but they charge me £200 pound a year road tax is there anyway I can do?
Related models
.jpg?width=115&height=75&rmode=crop)
Practical, spacious and good to drive. Most engines offer strong performance and low running costs. Primarily front wheel drive. Well-equipped as standard.
Elsewhere on 
.jpg)
