 Full
details of the Autumn Budget 2017 measures announced are available on the
HM Treasury website
released following the Chancellor's statement to Parliament.
HM
Treasury Autumn Budget 2017 document. More
HMRC
Autumn Budget 2017 documents. More
| Budget
on Wednesday 22nd November 2017 The Autumn Budget 2017 statement
made in the House of Commons by the Chancellor of the Exchequer, Philip Hammond,
on Wednesday 22nd November 2017 provided an
update on the Governments plans for the economy based on the latest forecasts
from the Office for Budget Responsibility. These forecasts are published alongside
the Budget Statement. Full details of those announcements are available on the
HM Treasury website
& Budget
statement.
The Chancellor announced in the Autumn Statement
2016 that the Government will move to a single fiscal event each year so the Spring
Budget 2017 was the last Budget held during springtime. The OBR will continue
to make two forecasts a year. The Finance Bill will follow the Autumn Budget 2017.
Following
the Chancellor's statement to Parliament we have our usual a prompt report on
the few measures announced which will be of interest to the classic motoring enthusiast.
See
extracts from the HM Treasury document. More
 | Headlines
for classic car enthusiasts
Fuel
Duty - the fuel duty rise expected in 2018 has been cancelled.That
means no rise in fuel duty for the 8th successive year. The average motorist will
have saved £850 from the fuel duty increase freeze since 2010. More
Vehicle
Excise Duty rates and bands - no change to the VED rates other than the RPI
increases announced in the Budget in 2016. VED rates have increased in line with
inflation since 2010. First year VED rates for new dirty diesel cars will be increased
since April 2018. More
VED
rates for cars registered before April 2017 VED rates will increase in
line with RPI from 1st April 2018 for cars, vans and motorcycles registered before
April 2017 and the First-Year Rates for cars registered after April 2017
Vehicle
Excise Duty classic vehicle exemption - no change to the rolling 40 year VED
exemption announced at the Budget 2014.
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