Labour Tipped to Scrap 'Luxury' Car Tax for Popular Vehicles in Autumn Budget Impacting Millions of Drivers

Labour tipped to scrap 'luxury' car tax for popular vehicles in Autumn Budget impacting millions of drivers

Labour is considering tweaking or even removing completely the controversial "luxury car tax" impacting millions of electric vehicles with yearly cost hikes

Leak hints at Government rethink on EV luxury car tax

The Labour Government may be reconsidering the Expensive Car Supplement on electric vehicles, which was only introduced in April. The so-called luxury car tax has been applied to all electric cars costing more than £40,000 since the start of April, adding thousands of pounds to ownership costs on scores of new models. Critics have warned that the additional cost will harm efforts to boost EV uptake and a leaked letter from a senior minister sugg…

Luxury Car Tax: Why it could be gradually phased out rather than quickly junked

The future of the Luxury Car Tax (LCT) is part of negotiations between the Australian government and the EU over trade - but the resale values of Aussie drivers have now entered the chat... The post Luxury Car Tax: Why it could be gradually phased out rather than quickly junked first appeared on WhichCar.

Luxury Car Tax wind down mooted to protect vehicle resale value – report

Residual values will crater if the Luxury Car Tax is removed in one fell swoop, according to automotive industry representatives, and should instead be phased out. LandCruiser 300 Series. The Luxury Car Tax (LCT) will not be axed in one hit, instead it will be phased out by the Federal Albanese government in stages to protect resale values, according to a new report. According The Australian, the controversial tariff will slowly be wound down, …