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General Chat (Vincent Related)
Rolling Historic Vehicle Excise Duty (VED) Exemption for Historic Vehicless
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<blockquote data-quote="A_HRD" data-source="post: 51750" data-attributes="member: 49"><p>Oh! More angst for Vibrac! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite9" alt=":eek:" title="Eek! :eek:" loading="lazy" data-shortname=":eek:" /></p><p></p><p>Almost lost in the small print of last week's Budget announcement, and following on from a petition to the Chancellor a few months ago, a new rolling VED Exemption for Historic Vehicles is to come into force next month (April 2014) - in recognition of the value of the classic vehicle industry. </p><p></p><p>As I understand it, the exemption will stand at<strong> 40 years</strong> since <strong>vehicle manufacture</strong> (not first registration). So a vehicle manufactured before 1st January 1974 will become tax-exempt next month. And then, in April 2015, a vehicle manufactured before 1st January 1975 will become tax exempt - and so on. </p><p></p><p><strong>UNLESS</strong> history repeats itself and Labour get elected next year and do what they did last time and immediately remove the "rolling" part from it…….</p><p></p><p>However, in a classic case of Governments unable to do joined-up thinking, the "historic non-MOT" scenario remains unchanged and is not linked to this arrangement. Duh! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite11" alt=":rolleyes:" title="Roll Eyes :rolleyes:" loading="lazy" data-shortname=":rolleyes:" /><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite12" alt="o_O" title="Er... what? o_O" loading="lazy" data-shortname="o_O" /></p><p></p><p>Peter B</p><p>Bristol, UK.</p><p><span style="color: #ff0000">WANTED: Series 'A' Front Frame.</span></p></blockquote><p></p>
[QUOTE="A_HRD, post: 51750, member: 49"] Oh! More angst for Vibrac! :eek: Almost lost in the small print of last week's Budget announcement, and following on from a petition to the Chancellor a few months ago, a new rolling VED Exemption for Historic Vehicles is to come into force next month (April 2014) - in recognition of the value of the classic vehicle industry. As I understand it, the exemption will stand at[B] 40 years[/B] since [B]vehicle manufacture[/B] (not first registration). So a vehicle manufactured before 1st January 1974 will become tax-exempt next month. And then, in April 2015, a vehicle manufactured before 1st January 1975 will become tax exempt - and so on. [B]UNLESS[/B] history repeats itself and Labour get elected next year and do what they did last time and immediately remove the "rolling" part from it……. However, in a classic case of Governments unable to do joined-up thinking, the "historic non-MOT" scenario remains unchanged and is not linked to this arrangement. Duh! :rolleyes:o_O Peter B Bristol, UK. [COLOR=#ff0000]WANTED: Series 'A' Front Frame.[/COLOR] [/QUOTE]
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Rolling Historic Vehicle Excise Duty (VED) Exemption for Historic Vehicless
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