MILLIONS of people across the UK are set to be hit with a huge price hike over their motors in just days.
Starting from Monday, April 1, the rates of Vehicle Excise Duty (VED) – commonly called road tax – is set to rise.
The DVLA confirmed that payments for most diesel, petrol or hybrid drivers may increase by the RPI rate of inflation – likely around 6 per cent.
But certain cars will be hit much harder than others with luxury motors being at the top of the list – and some could pay up to £600 a year.
Tax expert Andy Wood, of Tax Natives, provided a further breakdown of what these extra costs could look like.
He said: “The impending rise in VED rates will substantially impact drivers of petrol, diesel, and hybrid vehicles …