We need to clear the air, and be more tax aware.
When the 2017 Autumn Budget was delivered on Wednesday 22nd November by Conservative Chancellor Philip Hammond, it announced that from April 2018, diesel vehicles that do not meet the latest air quality standards will be taxed.
Typically, diesel cars transmit a lower level of CO2 compared to their petrol counterparts, but release more particulates and harmful NOx (Nitrogen Oxide) emissions into the atmosphere. Such a compound is manufactured when the temperature of the vehicle’s emission chamber exceeds 2500 degrees Fahrenheit, and thus fuels the formation of congesting smog and acid rain. So, the best solution will be to stop the pollution through the eradication of diesel vehicles on the road, and this will possibly be achieved through deliverance a tax on diesel cars sold from 1st of April 2018. Company car tax for the same vehicles will also increase from 3% to 6% from 6th April 2018. However, the tax raise will not be applicable for vehicles larger than cars so to preserve smaller businesses.
The new levy will finance a new £220m Clean Air Fund to provide support for the introduction of local air quality plans. Future vehicle models that meet the air quality criteria would not be targeted by the new taxation.
Philip Hammond has commented that electric and driverless vehicles are the future of motoring, and the Government will journey ahead with plans to end the period of petrol and diesel cars.