
This is the cover story in this week's issue of Classic Car Weekly
with more on page 3. Pop into your local newsagent and snap up a copy
of CCW and read the whole of this interesting article. Link
Posted: 251001 |

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In
an "exclusive" news item on the cover of this week's
issue of Classic Car Weekly, David Simister reports "the
Shadow Transport Secretary Richard Holden MP said that he believed
the zero-rate Vehicle Excise Duty was at risk from a "tax
grab" by the Chancellor Rachel Reeves in the next Budget
due on 26th November". The article adds he told CCW that
the current 40 year rolling VED exemption rule introduced in
2014 risks being frozen . . . . and that higher fuel duty could
also impact classic car usage. That "freeze" might
mean ceasing the rolling 40 year eligibilty for the VED exemption
so RV8s would miss out on the benefit from 2033.
If the full road tax were to be reintroduced for Historic cars
that could see the cost of petrol for an MGBGTV8 doing a modest
2,000 miles pa rise by 18p a mile or 78%!
VED rates for cars registered before 1st March 2001 see GOV.UK
link
See our Autumn Budget 2025 preview. Link |
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