New VED car tax changes will come into effect in April (Image: Getty)
Motorists have been urged to “take a closer look” at one key thing ahead of new on their way within months.
rates with widespread changes set to affect almost all and owners.
Standard rates will see an annual increase due to Retail Price Index (RPI) inflation from the Spring.
However, first-year VED rates will dramatically rise for the most polluting models under widespread updates from Labour.
owners will also pay VED rates from April 2025 as exemptions previously granted to zero-emission vehicles come to an end.
Petrol and diesel owners will feel the sting from spring 2025 (Image: Getty)
Ahead of the major changes, Andy Wood, international tax advisor from , warned “most vehicles” would be affected.
In a bid to get ahead, he stressed motorists should look at their budgets and “plan ahead for added costs” to avoid being caught out.
He said: “Get ready for a shake-up in the cost of owning a vehicle. Starting April 2024, Vehicle Excise Duty (VED) is going up thanks to adjustments linked to the Retail Price Index.
“While first-year rates for cars are staying the same, the annual cost for most vehicles – like standard cars, vans, and motorcycles – is set to rise.
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“If you’re a driver, it’s a good time to take a closer look at your budget and plan ahead for these added costs.”
According to , standard rates will rise from £190 per annum to £195 per year.
But, with cars emitting over 255g/km of CO2 most affected by new rates.
with owners paying £5,490 in year one compared to £12,745 today.
Rates are up across the board with vehicles emitting 226 to 255g/km of CO2 set to pay £4,680 compared to £2,340.
Electric car owners will pay £10 for the first year on the roads and then the standard £190 standard rate.
However, there are concerns that , an extra £400 fee for cars valued over £40,000.