As the car industry progressively reduces CO2 and NOx emissions of their petrol and diesel engines required by European legislation, so the UK Government progressively raises the VED road and Benefit-in-Kind taxes even for the lowest emission and even hybrid models. As an example in the recent Budget even the very lowest CO2 models emitting up to 50g/m of CO2 are currently rated at 5% for BIK … [Read more...]