Mark CSL
18-07-2008, 10:08 PM
Shamelessly pinched from another Forum I use, probably of relevance to you guys here too!:-
I would like to save you all some money
I have just looked at the cost of renewing my road tax for the next couple of years in the light of the Governments "gas guzzling" tax hikes.
My annual road tax is currently £210, it is going up to £300 from 1/4/2009 and from 1/4/2010 to a massive £430 for a years road tax.
My advice...
If your road tax is due for renewal by the end of August 2008 then do NOT renew it for 12 months. Go for 6 months instead.
If you renew for six months you will have another renewal to make prior to the new rates coming into effect from 13/3/2009. At that stage you should renew for 12 months since it will still be at the current low rates.
Based on my calculations if I do this, over the next 2.5 years my road tax will cost £625 compared to a 3 year annual renewal cost of £940.
I accept I will be 6 months out of sync but I will have saved £315 which more than covers the missing 6 months tax.
The savings will depend on your car and its CO2 emmissions.
Check out your own car at http://www.parkers.co.uk/cars/road-tax/ to see what your road tax bills will be.
If you have more than one car or several vehicles in your business...you do the maths. No-brainer.
I would like to save you all some money
I have just looked at the cost of renewing my road tax for the next couple of years in the light of the Governments "gas guzzling" tax hikes.
My annual road tax is currently £210, it is going up to £300 from 1/4/2009 and from 1/4/2010 to a massive £430 for a years road tax.
My advice...
If your road tax is due for renewal by the end of August 2008 then do NOT renew it for 12 months. Go for 6 months instead.
If you renew for six months you will have another renewal to make prior to the new rates coming into effect from 13/3/2009. At that stage you should renew for 12 months since it will still be at the current low rates.
Based on my calculations if I do this, over the next 2.5 years my road tax will cost £625 compared to a 3 year annual renewal cost of £940.
I accept I will be 6 months out of sync but I will have saved £315 which more than covers the missing 6 months tax.
The savings will depend on your car and its CO2 emmissions.
Check out your own car at http://www.parkers.co.uk/cars/road-tax/ to see what your road tax bills will be.
If you have more than one car or several vehicles in your business...you do the maths. No-brainer.