04 February 2021
Valuation System for New and Used Vehicles
VRT Manual Section 8 – Valuation System for New and Used Vehicles – has been updated to reflect changes introduced in Finance Act 2020. Changes to the manual include:
- Updates to Section 3.7.1 – Calculate the CO2 element
- Updates to Section 3.7.2 – Calculate the NOx element
- Updated calculations to incorporate the changes to the CO2 and NOx figures in Section 4 – Example of a VRT Calculation – and Appendix 2 – Calculations for Recently Registered Category A Vehicles
- Updates to Minimum VRT amounts - VRT Category A (M1/N1) in Appendix 3.