Driving in Spain – what is IVTM road tax?

If you own any sort of vehicle (van, car, motorcycle etc) that’s going to be driving around on Spanish roads, you’ll need to pay IVTM. What is IVTM? Known in Spain by the catchy title of “Impuesto Sobre Vehículos de Tracción Mecánica”, thankfully shortened to IVTM, it’s the equivalent of the UK’s Road Fund Licence…