Martin Lewis from Money Saving Expert has revealed a loophole for electric vehicle drivers to secure an additional year of tax exemption on Vehicle Excise Duty (car tax). By re-taxing their EV on or before March 31, drivers can benefit from a full year without charge, despite the upcoming tax changes scheduled for April 1, 2025. This change will see an increase in the standard road tax to over 195 for vehicles registered after 2017, making the current exemption a significant opportunity for savings.
If you have an electric vehicle, Martin Lewis suggests re-taxing on March 31 to extend your free Vehicle Excise Duty by a whole year.
Starting April 1, 2025, new tax rules will raise the standard road tax for cars registered after 2017 to 195, increasing costs for drivers.
Collection
[
|
...
]