UK Budget 2008

From the speech to the House of Commons on Wednesday 12th March 2008 and the supporting press notices released by the Treasury, the key issues of concern to MGV8 enthusiasts are:


Vehicle Excise Duty
VED for MGBGTV8s and RV8s registered before March 2001 will rise by only £5 to £185pa from tomorrow. For reference the VED for Band G cars registered from March 2001 rises by £100 to £400.
Press notices page PN01

Fuel duty
The planned 2p per litre increase in fuel duty in April 2008 will now take place on 1st October 2008 with further increases in the next two years of 1.84p and 0.5p above inflation in 2010.
Press notices page PN01
BBC report 12.3.08
bytestart.co.uk small business portal
Vehicle Excise Duty
The rates below refer to the 2008/9 tax year. These new rates take effect from 13th March 2008.


VED rate changes on HM Treasury website

HM Treasury website - Budget 2008

See Budget 2008 update 30th April 2008

Posted: Wednesday 12th March 2008 @ 1450
V8 Register - MG Car Club - the leading group for MG V8 enthusiasts at www.v8register.net