Budget 2017 – Duties

Vehicle excise duties

It was announced prior to the budget that the way vehicle tax is calculated will change for cars registered on or after 1 April 2017.  Vehicle tax for the first year will be based on CO2 emissions (from £0 to £2,000 for CO2 emissions over 255 g/km).  After the first year there will be a fixed rate of £140 a year for petrol or diesel vehicles, £130 for alternative fuel vehicles and £0 a year for vehicles with zero CO2 emissions.

If the vehicle has a list price of more than £40,000, the rate of tax is based on CO2 for the first year as above.  After the first 12 months, the annual rate for the next 5 years is based on the fuel type as above, plus an additional charge of £310.

VED rates are being frozen for another year for hauliers as is the HGV Road User Levy.

Alcohol duties

No changes are being made to the previously announced planned upratings on alcohol and tobacco.

Sugar tax

The previously announced Soft Drinks Industry Levy (or Sugar Tax) will be implemented in 2018.  As hoped, the long lead time has allowed soft drinks manufacturers and importers the opportunity to change their products so as to reduce their sugar content, so the Chancellor was able to announce a reduction in the expected tax yield. The final rates have been confirmed as 18 and 24 pence per litre for the main and higher bands respectively.

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Nov 20

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