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The guidelines for how number plate lettering should look were altered last year, and they will remain in effect until the newest numbers are revealed in March 2023. For newly built vehicles, number plates change twice a year, once on the 1st of March and again on the 1st of September. Drivers will be able to register a new vehicle with registration plate 23 starting in March of next year. New vehicles will be registered with the 73 plates starting in September.
To help struggling households handle the skyrocketing price of fuel along with other growing household costs, UK fuel duty rates were cut by 5p for a 12-month period. Nevertheless, this decrease will stop on 23 March 2023, and the Office for Budget Responsibility (OBR) has warned that gasoline taxes may go up. The government's plans for fuel duty will probably be presented in chancellor Jeremy Hunt's spring budget.
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HGVs Levy
Heavy goods vehicles (HGVs) that weigh more than 12 tonnes must pay a tax for any wear or damage they cause to British roadways. During the epidemic, the fee was suspended for HGVs with UK registrations, and it was then renewed in August 2022 for an additional year. In August 2023, this restriction will be lifted, and freight companies will once again be responsible for the additional expenses.
Owners of electric vehicles will continue to pay 0% vehicle excise duty (VED) for the next two years, but starting in April 2025, they will be subject to a new tax. The VED exemption for zero-emission vehicles will end on that date, according to Chancellor Jeremy Hunt's announcement in his autumn statement. A yearly fee of up to £165 for cars and £290 for trucks will be assessed to EV owners who do not currently pay VED. By 2027/28, the Treasury estimates that the reforms will raise an additional £1.6 billion.
As part of a campaign to reduce the number of vehicles that don't meet emissions requirements, the most polluting vehicles in London are subject to a fee in a region known as the ULEZ, which helps to improve air quality throughout the city. But starting on August 29, 2023, the ULEZ will undergo its third expansion, which will probably have an effect on thousands more drivers. ULEZ currently applies to all regions within the North and South Circular Roads, but it will soon cover all 33 boroughs of the city. Those who drive inside the zone must pay a daily fee of £12.50 if their car does not comply with ULEZ emissions regulations. In line with this, cars, motorcycles, vans, specialist vehicles (up to and including 3.5 tonnes), and minibuses are all eligible (up to and including five tonnes).
Benefits in Kind (BiK) are extra items and services that are given to employees on top of their pay that are either free or very inexpensively priced. A BiK contribution, often known as a corporate car tax, is required of those who get a company vehicle. BiK percentage bands are assigned to company cars, and rates have been gradually rising. A BIK percentage band is present on every car. These rates have been progressively rising over the past few years.
Currently, a petrol car that emits 100g/km of emissions pays 25% BiK as opposed to just 13% in 2013. To persuade workers to choose electric vehicles, the government has announced that prices will stay fixed until April 2025.
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