VED, also known as road tax, is due to be reformed on 1 April 2017. The changes, announced in the 2015 summer budget, will mean those with more expensive vehicles will pay significantly more tax.
VED will still be based on the car’s CO2 emissions for the first year, but after that it will be grouped into three bands: zero, standard and premium.
• Zero – Zero-emission vehicles under £40,000 will be exempt from all charges
• Standard – Vehicles up to £40,000, with CO2 emissions from 1g/km upwards, will
incur a VED rate of £140 from year two
• Premium – Vehicles with a list price over £40,000, even those with zero emissions,
will incur a VED rate of £450 from year two
These changes will particularly affect owners of premium cars with low emissions, including many MINI models.
If you are considering purchasing one of our cars, there is now good reason to act sooner rather than later, even though low running costs will always make MINI an economical choice.