Chancellor Phillip Hammond announced the updated VED rules in his Autumn Budget 2017, but what does this mean for motorists? Our handy guide will tell you everything you need to know about the updated VED rules coming into place on the 1^st of April 2018.

Diesel vehicles need to conform to the latest EURO 6 Standard, the aim of this is to reduce harmful exhaust emissions. If you buy a new diesel vehicle (the rule only applies to cars, not vans) that doesn’t meet the EURO 6 standard you will go up by one TAX band for example a Range Rover Evoque SD4 with emissions of 153g/km Co2 will rise by £315 to £830.

Ownership rules that were introduced in April 2017 still apply, which means that cars are taxed based on one of the 13 Co2 bands they fall into.

The table below will show the new diesel tax bands from April 2018:

Cars that are worth more than £40k pay a £310 supplement for five years.

If you want to avoid the extra VED charges that come in place on 1^st of April 2018, order your new vehicle today. Alternatively why not go for a Plugin or Hybrid vehicle?

Get in touch today for more information.

Chancellor Phillip Hammond announced significant changes to his 2017 Autumn Budget, a large amount of which will affect motorists around the country. Here are some of the highlights:

• Fuel duty has been frozen for the 8^th consecutive year in a row, saving the average driver a cumulative £850 by April 2019.
• The Fuel Benefit Charge and Van Benefit Charge will increase by RPI from the 6^th of April, 2018.
• Existing diesel supplement in company car tax to rise by 1%
• Sale of new diesel cars that don’t meet latest emissions standards will have a one-off tax increase from April. This would mean that a Ford Fiesta that currently not meet the standards will see a one off £20 rise and whilst vehicles in the top band such as a Porsche Cayenne would receive a £500 one off increase
• £220m made available to local authorities in England to improve air quality in the most polluted areas
• £400m has also been made available to improve plug-in vehicle charging infrastructure, with an extra £100m in plug-in-car grant £40m in charging R&D
• HRMC will clarify the law for people who are charging their Electric Vehicles at work will not face a BIK charge from next year

If you have any questions on how the new budget will affect you, don’t hesitate to give us a call.

From today (24^th April 2017) a new law has come into effect in England and Wales, aimed at speeding drivers. The new guidelines will hopefully make drivers ‘think twice’ before speeding.

What has changed?
Previously, if you were caught speeding, the minimum penalty fine was £100, with three penalty points added on your licence. Fines have been increased from 100% to 150% of weekly income, with a maximum of £2500. There will be three different bands, with band C being the most serious – this will come into place when you are exceeding the speed limit by 21 mph or more.

Why are speeding fines increased?
Over the last five years serious speeding offences have risen by over 44% resulting in 244 people being killed in 2015. Responsible drivers will welcome these changes. If you are first-time offender, you can take a speed awareness course and avoid the increased fine.

How does sentencing work?
The court will follow the guidelines unless a judge or magistrate feels it is not in the interest of justice to do so.  Other considerations are time of offence, weather conditions and area.

CVSL warns drivers to stick to the speed limit and installing vehicle tracking systems if you are running a large fleet. RAM tracking has been specifically designed to drive down speeding across your fleet. For more information get in touch today.

On 8 March, Chancellor Phillip Hammond announced significant changes that will affect UK motorists in the 2017 Budget. Below we list all of the changes and how this may affect you:

Fuel Duty
Fuel Duty has been frozen under Theresa May’s Tory government, which making it the 8^th consecutive year without a change. Fuel Duty is currently at 57.95p per litre with the Treasury receiving a further 20% through VAT.

Vehicle Excises Duty
There are no changes to Vehicle Excise Duty which comes into force on 1 April.  Read our previous blog post on what VED means for you here.

Clearer terms and conditions
The government has also announced a crackdown on dubious and unclear terms and conditions on finance and insurance contracts to protect consumers against unexpected fees.

Road improvements
The chancellor has made £90m available for the North and £23m for the Midlands to fund transport projects. £690m has been made available to local authorities to improve congestion in urban development areas. The chancellor made no comment on the poor condition the roads are in.

Investment in automotive
Hammond announced £270m to keep Britain at the forefront of disruptive technology, on for example driverless cars and robotics. This has been welcomed by industry experts since several car manufacturers are worried what will happen post Brexit.
What do you think of the 2017 budget?

The Government is introducing some important changes in Vehicle Excise Duty (VED) starting from 1 April 2017. Vehicle Excise Duty is also known as Road Fund Licence or Road tax.

So what does it all mean?
Vehicles that are registered from 1 April 2017 will be taxed a flat standardised VED of £140 on all vehicles, including cars, armoured cars and motorhomes (except zero emission cars for which the SR will be £0).

Vehicles that are excluded from the new VED are: commercial vehicles (LCVs), motorbikes and heavy goods vehicles.

The first year rates of VED will vary according to the vehicles CO2 emissions level however; a flat SR of £140 tax will apply in all subsequent years unless you drive a zero emission vehicle.

In addition to standardised VED, any cars reaching their second license period – this includes cars with a list price of over £40,000 per year will incur an additional charge of £310 per annum over the next five years.

What happens to cars that are already registered before 1 April 2017?
Current legislation won’t change for cars that are registered before 1 April, so if you are planning to buy or lease a car after this date with a listed price of over £40,000 or more you could save significant money by doing this prior to the date.

Get in touch today if you are looking for a new vehicle!