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Hardly the latest style of tax on a new car (6)

Ross

I believe the answer is:

cravat

I'm a little stuck... Click here to teach me more about this clue!

'hardly the latest style' is the definition.
I can't judge whether this defines the answer.

'tax on a new car' is the wordplay.
'tax' becomes 'vat' (UK Value Added Tax).
'on' says to put letters next to each other.
'a new' indicates anagramming the letters.
'car' anagrammed gives 'cra'.
'vat' put after 'cra' is 'CRAVAT'.

'of' acts as a link.

Can you help me to learn more?

(Other definitions for cravat that I've seen before include "Neckcloth" , "Neckerchief" , "leisure-wear" , "Menswear" , "A fancy old necktie" .)

I've seen this clue in the Evening Standard.
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