Good News in the Budget - Vehicle Excise Duty rolling exemption for classics

Published: 10:06AM Mar 20th, 2014
By: Andy Gillard

Those with good memories may recall that when the 'historic vehicle' VED class was introduced a few years ago, exempting older vehicles from paying road tax, it was initailly planned to run with a 25 year rolling exemption.

The Government soon realised however that this could cost them valuable revenue and fixed the exemption it to vehicles constructed before 1 January 1973.

Good News in the Budget - Vehicle Excise Duty rolling exemption for classics

Good news however, because in the latest budget the rules have been changed with an automatic rolling exemption to be introduced as of 1 April 2014 to vehicles constructed 40 or more years ago (using 1 January each year as the cut off).
From a classic scooterists' point of view this means that not only are all Italian Lambrettas, pre-1973 Vespas and all classic British scooters exempt, but from 1 April this this will grow to include the popular early Spanish Lambrettas and 1970s Vespas (Rally 200s, 150 Supers, Primaveras etc), and in just a few years time will also include the first of the Vespa P-range too.
Apparently the VED exemption is intended to support the classic vehicle scene, which the Government considers "are an important part of the nation’s historical heritage," presumably prompted by research from the Historic Vehicle Research Institute and the Federation of British Historic Vehicles Clubs' publication The British Historic Vehicle Movement: A £4 Billion Hobby, which suggests that the historic car industry employs about 28,000 people in the UK.
Or it could be they are trying to get more voters onside as well as appeasing all the classic car owners in the House of Lords.
Whatever he reason, it's still good news for scooterists!
For more details visit www.gov.uk/government/publications/vehicle-excise-duty-40-year-rolling-exemption-for-classic-vehicles
 

1 Response to “Good News in the Budget - Vehicle Excise Duty rolling exemption for classics”

#1

dorge  Says:

March, 22nd 2014 at 07:59 am

When you say the goverment stopped the age exemption, think you will find it was not the conservertives that stopped it, it was ths the labour lot that stopped it soon as they got in last time.

Thank you - your complaint has been registered

Comments

Please login or register to post a comment

Current Issue: Sep 2014

Issue Sep 2014

Including Scooter Trader
♦ Action cameras on test
♦ What makes Mad Dog's PX go so well?
♦ Mike Webster interview
♦ Armandos extra special replica
♦ 5-speed Lambretta AF S-Type replica
♦ Scooter rallies ♦ Scooter racing ♦ Scooter news
♦ Scooter products ♦ Scooter interviews

PLUS:

Buy this issue now

• Next issue on sale: September 25, 2014

Issue 339

Issue 339
Sep 2014

The UK's biggest and best scootering magazine...

Subscribe and get this issue

Buy it now facebook Sample on-line

Other News

Partial Product Recall - SIP Vespa Performance Shock Absorbers

Partial Product Recall - SIP Vespa Performance Shock Absorbers

SIP of Germany have announced that "unfortunately - and for the first time in our history - we have to recall ...

Read More »

Bridlington Custom Show entry form

Bridlington Custom Show entry form

This year’s show, to be held as usual at The Spa, takes place on Saturday, October 25, 2014 and entries ...

Read More »

View all...

Advertisements

Related magazines:

Classic Scooterist Scene magazine Twist & Go magazine Real Classic magazine

 

Find a retailer:

Use our handy tool to find your nearest stockist!
Find your nearest Stockist

Read on-line as a digital issue:

Available on the Android Marketplace

Available on Pocket Mags

Advertising Deadline:

Trade Advertising Deadlines:
October 2014 - September 5, 2014
November 2014 - October 3, 2014
For more information contact our Advertising representative:

Book advertising here

Next Issue Out:

September 25, 2014