New Car Tax Rates 2024/23. From 1 july 2023 a “bonus tax deduction” for businesses is available of up to $20,000 on maximum expenditure of $100,000 on the cost of electrification. This season, pass holders will get two additional friends and family discounts.
— new car prices have been falling for most of 2023, with the average new car selling for $47,936 in october, kelley blue book reported. For the 2024 to 2025 tax year the allowance is £3,000, which leaves £9,600 to pay tax on.