Petrol and diesel drivers across the UK will be hit with increased car tax fees from 1 April 2024 as Vehicle Excise Duty (VED) charges rise.
There is no set rise with motorists set to be handed different charges based on the type of car they drive.
This is because VED rates are calculated solely upon the amount of CO2 emissions a car produces.
The updates mean some owners will be hit with staggering £100 increases to use the roads while others will see little change.
It comes after HM Revenue and Customs (HMRC) confirmed charges would rise based on Retail Price Index (RPI) inflation from the Spring.
Finance experts at Pete Barden said this means fees will likely rise by less than six percent.
Calculating the expected costs, they suggest standard rate charges for vehicles first registered on or after 1 April 2017 will rise from £180 to £190.
Owners of brand new vehicles pay inflated charges the very first year a car is on the road with these rates set to hike from 2024.
Those buying a new car which emits over 355g/km of CO2 emissions will now be expected to pay £2,745 compared to just £2,605 last year.
Those producing between 226 and 225 g/km of CO2 paid just £2,220 last year but will now be hit with charges of £2,340.
Fees are predicted to be higher than 2023/24 on a staggered system for all models producing above 76 to 90g/km.
Slightly older models registered on or after 1 March 2001 will also be affected within just a few months,
Those in the most polluting Band K category will be billed £735 per year compared to £695 last year.
Band L cars producing 226 to 255g/km of CO2 were charged just £675 last April but will face a £710 in 2024.
The first increase comes in Band D which will see fees hump from £150 per year to £160.
Band K fees are up from £395 to £415 while Band J vehicles will pay £385, up from £365 12 months ago.
Meanwhile, older vehicles above 1549cc and registered before 1 March 2001 will see yearly fees rise from £325 to £345.
Those below 1549cc will pay a lower rate but still £10 more than last year with costs humping from £200 per annum to £210.
HMRC has claimed rates must rise to ensure motorists make a “fair contribution to the public finances”.
But, the Government has admitted the update will affect motorists across the country.
HMRC said: “This measure will impact on motorists owning a car, van or motorcycle or using a motorcycle trade licence. The increase in VED rates is in line with RPI meaning rates will remain unchanged in real terms for vehicle owners.”
