How long do I have to pay premium tax?
Currently my road fund licence is £600,00 per annum how many years will I have to pay this high rate of road tax for? Does it fall to the normal level of road tax after this initial period?
Asked on 16 September 2024 by Stuart Musgrave
Answered by
David Ross
Assuming your vehicle cost more than £40,000 when new and you are paying the premium VED rate as a result, this additional sum will need to be paid until the vehicle is six years old.
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