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UK 2014 Budget - Vehicle Excise Duty

Posted: 19 Mar 2014 09:57 pm
by macplaxton
The UK Budget 2014 document wrote:2.152 Vehicle Excise Duty (VED) rates and bands – VED rates for cars, motorcycles and the main rates for vans will increase by RPI from 1 April 2014. (Finance Bill 2014)

2.153 VED: classic vehicle exemption – The government will introduce a rolling 40 year VED exemption for classic vehicles from 1 April 2014. (Finance Bill 2014 and future Finance Bills) (39)

2.154 VED administrative simplification – As announced at Autumn Statement 2013, the government will introduce legislation to reduce tax administration costs and burdens by making the following changes with effect from 1 October 2014:
  • motorists will be able to pay their VED by direct debit annually, biannually or monthly, should they wish to do so. A 5% surcharge will apply to biannual and monthly payments (Finance Bill 2014) (c)
  • a paper tax disc will no longer be issued and required to be displayed on a vehicle windscreen (Finance Bill 2014)
I'll find the VED rates tables when they've published new ones. RPI is about 3%, so expect another fiver or tenner on the annual bill.

Re: UK 2014 Budget - Vehicle Excise Duty

Posted: 21 Mar 2014 12:56 am
by Ride_on
This is road tax? So no exemption for the 300s for a few years yet?

Re: UK 2014 Budget - Vehicle Excise Duty

Posted: 21 Mar 2014 01:21 am
by Chris_C
The 76's will be in 2 years!

Re: UK 2014 Budget - Vehicle Excise Duty

Posted: 27 Mar 2014 12:52 am
by macplaxton
Here's the new PLG rates from 01/04/2014:

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Re: UK 2014 Budget - Vehicle Excise Duty

Posted: 27 Mar 2014 01:05 am
by Hell Driver
Will be taxing the GL on the 1st. Thought about doing it a week ago but the £5 saved will be more than wasted on the 3/4 of a month tax now gone :(

At least I'll get half back when I cash it in later in the year :D

Although................I might get a 6 months for the first time ever and save the last ever disc it has!!!! Might as well as I end up wasting money on registered post getting the disc back to the DVLA as I can't trust the Post Office to do the job properly without.

Wait a half a mo...£23 extra for 6 months...maybe not!.

The last discs issued will expire on September 30th 2015 then?