Martin Lewis shares urgent trick to save you cash

Martin Lewis shares urgent trick to save you cash.Credit: ITV/ The Martin Lewis Money Show

Transcript

00:00Have you got an electric vehicle?

00:01If so, you will start to pay duty on it,

00:03typically 200 quid a year from the 1st of April.

00:07But if you go on to gov.uk now

00:10and you retax it now while it's free,

00:12that will last a year.

00:14And you can do that even if it isn't a year

00:16since you last taxed it, even if it was two months

00:19since you last went and taxed it.

00:20So, regardless of your expiry,

00:24if you've got an electric vehicle, go and tax it now

00:26and you'll in fact extend the time at which it's tax-free.

00:29My director, Richard, is telling me,

00:32because we did it on the show about six weeks ago,

00:34he's done it already and it works.

00:36Thank you, Richard. Thanks for having me.