On April 1st 2017, the UK government introduced changes to Vehicle Excise Duty (VED).
VED has undergone several evolutions in recent years. In 2001, VED was reformed to reflect CO2 emissions rates per kilometre, with 13 bands of increasing CO2 emissions incurring increasing VED costs. The scheme was further reformed in 2013, to introduce separate first year rates which further penalised purchasers of high CO2 emitting vehicles.
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