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How much is tax on a car that cost more than £40,000 in October 2024?
I am considering trading in my Subaru Outback Premium registered in March 2016, list price less than £40,000, CO2 emissions 161g/Km. I purchased the car in June 2016 and the vehicle tax on form V149 from April 2024 is shown as £255. Which is what I paid in June 2024.
I was considering a nearly new Outback registered in October 2024 with a list price of over £40,000, CO2 emissions 193g/Km. The vehicle tax shown on form V149 appears to be £1650. This is a deal-breaker even without any mention of a surcharge for a list price in excess of £40,000. Can you confirm my interpretation of the form is correct?
Now, suppose I purchased a similar car a little older, first registered before April 2024 then the vehicle tax appears to be £190 with a surcharge of £410 for a list price of over £40,000 giving a total of £600? Again can you confirm my understanding of the V149 form is correct?
I was considering a nearly new Outback registered in October 2024 with a list price of over £40,000, CO2 emissions 193g/Km. The vehicle tax shown on form V149 appears to be £1650. This is a deal-breaker even without any mention of a surcharge for a list price in excess of £40,000. Can you confirm my interpretation of the form is correct?
Now, suppose I purchased a similar car a little older, first registered before April 2024 then the vehicle tax appears to be £190 with a surcharge of £410 for a list price of over £40,000 giving a total of £600? Again can you confirm my understanding of the V149 form is correct?
Asked on 28 February 2025 by Mike Donnelly
Answered by
David Ross
On your first point, the £1650 rate you quote is the first year rate, the V149 form calls this 'first licence rates', so from year two onwards the VED rate for this car would be £190 (at 2024 rates). The surcharge of £410 would apply to either vehicle if the list price was over £40,000.
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