| Reports
on taxation matters affecting classic car motoring and UK budget reports Fuel and vehicle taxation news is always of interest to classic car enthusiasts and the general motorist. Here we have links to some of the reports and NEWS items that have been posted on the V8 website. 
Back to entry webpage See also our VED exemption extension information gateway. More Updated: 190310 |
Articles
on Budget statements and taxation matters of interest to classic car
enthusiasts Spring Statement 2019 See our preview and report. More Autumn Budget 2018 See our preview and report. More Spring Statement 2017 See our preview and report. More & More Autumn Budget 2017 See our preview and report. More Budget 2016 See our preview and report on the Budget on Wednesday 16th March 2016. 160307 Preview & Report Autumn Statement 2015 See our preview and report on the Autumn Statement on Wednesday 25tth November 2015. 151125 Report Sunday Times' article on fuel duty inflation rises increasing? A headline of a news item in today's Sunday Times says "Osborne’s fuel tax ‘fudge’ to give Treasury £4bn fill-up". The item speculates on whether the Chancellor may reinstate inflationary rises in fuel duty in his early Budget on 8th July whilst arguing he has frozen fuel duty in real terms though clearly not in cash terms. 150607 More Report on the Budget statement 2015 See our report on the Budget two months before the General Election in May 2015. 150318 More IFS advice on moving from fuel duty to taxing road use In a paper released by the Institute for Fiscal Studies ahead of the UK General Election in May 2015, the IFS offered advice which included moving from taxing motor fuel to taxing road use. 150508 More Report on the Autumn Statement 2014 See our preview and report on the Autumn Statement on Wednesday 3rd December. 141129 Preview & Report Report of the Budget Statement in March 2014 This year the Chancellor's Budget had good news - the VED exemption will become a rolling 40 year concession plus the freezing of a 2p fuel duty rise due in September 2014. 140319 More Buying an MG? - don't negotiate to buy any remaining road tax Anyone buying a car from October 2014 will need to know that an owner selling the car privately will not be able to transfer the “unexpired tax” to a new owner and will not be entitled to offer that as a part of the sale price. Sellers will have to claim vehicle excise duty refunds for any remaining months from the DVLA. 140312 More Draft Finance Bill 2014 for consultation The draft Bill is expected to include the VED exemption extension measure announced in the Budget in March 2013. 131206 More & Draft Report on the Autumn Statement in December 2013 The fuel duty increase planned for September 2014, expected to be worth 1.61p a litre, will be frozen. As expected the paper tax disc will be abolished, removing an administrative cost and inconvenience for millions of motorists. No new VED, VAT rate or insurance tax changes were announced. Report & Update & Draft Finnace Bill 2014 Fuel duty freeze continues to 2015 George Osborne announced during his speech at the Conservative Party conference in Birmingham on 30th September 2013 that he will freeze fuel duty until 2015 by cancelling a 2p a litre rise that was due to come into force next year in September. More Report of the Budget Statement in March 2013 This year the Chancellor's Budget had good news - the cancellation of the next 3p fuel duty rise due in September 2013 and the extension of the Classic Vehicle VED Exemption to 1st January 1974 with effect from 1st April 2014. That's quite something to celebrate in the 40th Anniversary Year for the MGBGTV8 model. More Report on the Autumn Statement in December 2012 This year the Chancellor's Mini-Budget was later than usual - in fact no longer an Autumn Statement as we are technically into Winter - but the good news today was a useful cancellation of the planned 3p fuel duty increase due in January 2013! More & More 3p fuel duty hike scrapped The UK Chancellor of the Exchequer, George Osborne, has scrapped a 3p rise in fuel duty due in August originally introduced by the last Labour government. It was very welcome news for many motorists. More Report on the Budget statement in March 2012 How has classic motoring suffered in the Budget? Well sadly the Budget statement today had no reduction of the planned increase in fuel duty coming in this August 2012 but the good news was no increase in VED rates above inflation (RPI). More Changes to transport taxes in the Budget statement 2012 Two interesting matters were tucked away in the support documentation for the Budget statement - VED reform and a possible VED tax disc display waiver. More Report on the Emergency Budget in June 2011 See our Budget report. More |
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