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VED Change

How to calculate the new RFL changes

As of 2017, the new rules for VED (Vehicle Excise Duty) or 'road tax' will come into effect. This means the road tax bands will have an affect on anyone who leases a car from April 2017 onwards. The tables below provide the current figures (as of 31st March 2017) and the new bands that will follow these.  

Current Scheme up until 31st March 2017

VED Scheme upto 31st march 2017

For example a car with 169 g/km co2 on a 3 year contract will be

  •    First Year Rate              £300
  •    Second Year RFL            £210
  •    Third Year RFL               £210
  •    TOTAL                         £720

 


 New Scheme from 1st April 2017

VED Scheme from 1st April 2017

 The same car with 169 g/km co2 on a 3 year contract will be

  •    First Year Rate           £500
  •    Second Year RFL        £140
  •    Third Year RFL           £140
  •    TOTAL                     £780

 

In Addition

Any car with a list price £40,000 and over will incur an additional £310 on top of the Standard Rate for every year after the first year

 

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Select Car Leasing is a trading style of Select Contracts (UK) Limited and the firm is authorised and regulated by the Financial Conduct Authority FRN 670832. Select Car Leasing are a credit broker not a lender. VAT Registration No 181 8746 74. ICO Registration ZA076253. Company Number 06569098. Select Car Leasing are proud to be a member of the British Vehicle Rental and Leasing Association (BVRLA) No 1846. Registered address: Atlantic House, Imperial Way, Reading, Berkshire, RG2 0TD


Copyright 2016 Select Car Leasing. All Rights Reserved.

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Select Car Leasing is a trading style of Select Contracts (UK) Limited and the firm is authorised and regulated by the Financial Conduct Authority FRN 670832. Select Car Leasing are a credit broker and not a lender. VAT Registration No 181 874674. ICO Registration ZA076253. Company Number 06569098. Select Car Leasing are proud to be a member of the British Vehicle Rental and Leasing Association (BVRLA), No 1846. Registered address: Atlantic House, Imperial Way, Reading, Berkshire, RG2 0TD

© Copyright 2017 Select Contracts UK Limited. All Rights Reserved.

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