What is Vehicle Excise Duty?
VED rates are based on a variety of factors, including the vehicle’s CO2 emissions, fuel type, and list price. Vehicles with lower CO2 emissions generally have lower tax rates, while those with higher emissions are subject to higher rates. Electric vehicles (EVs) are exempt from VED.
How is Vehicle Excise Duty calculated?
How and when do I pay Vehicle Excise Duty?
Vehicle Excise Duty can be paid either annually, semi-annually, or monthly. The payment can be made online, by phone, or by post. The DVLA will send you a reminder when your tax is due for renewal.
If you fail to pay your Vehicle Excise Duty, you could face penalties, including fines and even the possibility of having your vehicle clamped or impounded.
Emily Bibb simplifies finance through bestselling books and articles, bridging complex concepts for everyday understanding. Engaging audiences via social media, she shares insights for financial success. Active in seminars and philanthropy, Bibb aims to create a more financially informed society, driven by her passion for empowering others.