Raise the expensive car supplement threshold to £50k

Summary

Raise the expensive car supplement, also known as the "luxury car tax" threshold from £40,000 to £50,000 to better reflect current car prices and help ensure fairness for ordinary buyers. We feel that the £40,000 threshold, set in 2017, no longer reflects modern car prices. We think many standard vehicles now fall within this range, unfairly subjecting ordinary families and individuals to additional taxes originally intended for high-end luxury cars. We believe raising the threshold to £50,000 would address this imbalance and would help prevent overtaxing regular buyers.

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