Will the gov't pull the 40yr VED exemption?
Discussion
Did anyone else see the article in today's The Sun ? The article which I read and re-read just to make sure I was getting it talks about the upcoming budget leaves me to suspect Rabid Thieves from Accounts will pull the move as the goverment is so desperate to avoid redundancies and grab more of our hard earned monies they'll justify the move " it's only a small minority of road users, what's the big deal "... Curious to others thoughts on it given the number of lies, and policy / manifesto flip-flops by the current occupiers of No 10?
I think they are more likely to freeze it at 40, and stop the rolling 40 year, as Labour did previously.
Even more so as the rolling 40 year MOT exemption gets nearer the 1991/2 date when cats and the Euro 1 emissions rules came into force, so I think the rolling 40 year was on borrowed time anyway for that more than anything else, so I can see them freezing it in the budget at the Dec 31st 1985 cut-off date.
But, I could also see a fixed 'historic VED rate' being applied as well....... a £50 flat rate would still get them 10-12million a year extra from over 250,000 vehicles, close to an extra 25 million a year if they doubled that to £100.......but, many owners I suspect would go back to only taking for 6 months again, and SORN for winter time I would think.
Even more so as the rolling 40 year MOT exemption gets nearer the 1991/2 date when cats and the Euro 1 emissions rules came into force, so I think the rolling 40 year was on borrowed time anyway for that more than anything else, so I can see them freezing it in the budget at the Dec 31st 1985 cut-off date.
But, I could also see a fixed 'historic VED rate' being applied as well....... a £50 flat rate would still get them 10-12million a year extra from over 250,000 vehicles, close to an extra 25 million a year if they doubled that to £100.......but, many owners I suspect would go back to only taking for 6 months again, and SORN for winter time I would think.
aeropilot said:
I think they are more likely to freeze it at 40, and stop the rolling 40 year, as Labour did previously.
Even more so as the rolling 40 year MOT exemption gets nearer the 1991/2 date when cats and the Euro 1 emissions rules came into force, so I think the rolling 40 year was on borrowed time anyway for that more than anything else, so I can see them freezing it in the budget at the Dec 31st 1985 cut-off date.
But, I could also see a fixed 'historic VED rate' being applied as well....... a £50 flat rate would still get them 10-12million a year extra from over 250,000 vehicles, close to an extra 25 million a year if they doubled that to £100.......but, many owners I suspect would go back to only taking for 6 months again, and SORN for winter time I would think.
Lots of people would tax, then SORN, The average tax yield might be a lot less than 6 months. They could create a lot of work while generating very little tax.Even more so as the rolling 40 year MOT exemption gets nearer the 1991/2 date when cats and the Euro 1 emissions rules came into force, so I think the rolling 40 year was on borrowed time anyway for that more than anything else, so I can see them freezing it in the budget at the Dec 31st 1985 cut-off date.
But, I could also see a fixed 'historic VED rate' being applied as well....... a £50 flat rate would still get them 10-12million a year extra from over 250,000 vehicles, close to an extra 25 million a year if they doubled that to £100.......but, many owners I suspect would go back to only taking for 6 months again, and SORN for winter time I would think.
Don't see why they can't simplify VED to allow it to be PAYG, which it almost is when using direct debit so can pay only for the month(s) you need it then SORN so the direct debit is cancelled.
Would be greener when total lifespan of a vehicle is taken into account as it would allow more use of older vehicles that aren't daily drivers and it's certainly greener to keep using something sparingly that's already been built than buy something not yet built.
Would be greener when total lifespan of a vehicle is taken into account as it would allow more use of older vehicles that aren't daily drivers and it's certainly greener to keep using something sparingly that's already been built than buy something not yet built.
OutInTheShed said:
aeropilot said:
I think they are more likely to freeze it at 40, and stop the rolling 40 year, as Labour did previously.
Even more so as the rolling 40 year MOT exemption gets nearer the 1991/2 date when cats and the Euro 1 emissions rules came into force, so I think the rolling 40 year was on borrowed time anyway for that more than anything else, so I can see them freezing it in the budget at the Dec 31st 1985 cut-off date.
But, I could also see a fixed 'historic VED rate' being applied as well....... a £50 flat rate would still get them 10-12million a year extra from over 250,000 vehicles, close to an extra 25 million a year if they doubled that to £100.......but, many owners I suspect would go back to only taking for 6 months again, and SORN for winter time I would think.
Lots of people would tax, then SORN, The average tax yield might be a lot less than 6 months. They could create a lot of work while generating very little tax.Even more so as the rolling 40 year MOT exemption gets nearer the 1991/2 date when cats and the Euro 1 emissions rules came into force, so I think the rolling 40 year was on borrowed time anyway for that more than anything else, so I can see them freezing it in the budget at the Dec 31st 1985 cut-off date.
But, I could also see a fixed 'historic VED rate' being applied as well....... a £50 flat rate would still get them 10-12million a year extra from over 250,000 vehicles, close to an extra 25 million a year if they doubled that to £100.......but, many owners I suspect would go back to only taking for 6 months again, and SORN for winter time I would think.
Usually a bean counter will happily spend 5 quid to, on paper show they've saved 50p.
aeropilot said:
OutInTheShed said:
aeropilot said:
I think they are more likely to freeze it at 40, and stop the rolling 40 year, as Labour did previously.
Even more so as the rolling 40 year MOT exemption gets nearer the 1991/2 date when cats and the Euro 1 emissions rules came into force, so I think the rolling 40 year was on borrowed time anyway for that more than anything else, so I can see them freezing it in the budget at the Dec 31st 1985 cut-off date.
But, I could also see a fixed 'historic VED rate' being applied as well....... a £50 flat rate would still get them 10-12million a year extra from over 250,000 vehicles, close to an extra 25 million a year if they doubled that to £100.......but, many owners I suspect would go back to only taking for 6 months again, and SORN for winter time I would think.
Lots of people would tax, then SORN, The average tax yield might be a lot less than 6 months. They could create a lot of work while generating very little tax.Even more so as the rolling 40 year MOT exemption gets nearer the 1991/2 date when cats and the Euro 1 emissions rules came into force, so I think the rolling 40 year was on borrowed time anyway for that more than anything else, so I can see them freezing it in the budget at the Dec 31st 1985 cut-off date.
But, I could also see a fixed 'historic VED rate' being applied as well....... a £50 flat rate would still get them 10-12million a year extra from over 250,000 vehicles, close to an extra 25 million a year if they doubled that to £100.......but, many owners I suspect would go back to only taking for 6 months again, and SORN for winter time I would think.
Usually a bean counter will happily spend 5 quid to, on paper show they've saved 50p.
Usually a bean counter will happily spend 10 quid to, on paper, show they've saved 10p.
OutInTheShed said:
Lots of people would tax, then SORN, The average tax yield might be a lot less than 6 months. They could create a lot of work while generating very little tax.
I can see the sense in doing so to be sure, though I do worry they'll then force MoT's for little ££ gains just for the hell of it!Is the proposal to start rolling it again or stop the historic exemption altogether??
I held onto my 1982 vehicle for ten years doing approx 10,000 miles and paying approx £2.400 in tax for the privilege. Although now I would probably not get rid as it's part of the family......
Although I would not bemoan if it was £100 per annum.....
I held onto my 1982 vehicle for ten years doing approx 10,000 miles and paying approx £2.400 in tax for the privilege. Although now I would probably not get rid as it's part of the family......
Although I would not bemoan if it was £100 per annum.....
Edited by mike9009 on Tuesday 7th October 16:41
I hope they don't, obviously, or if they do, not until part-way through April next year as that's when my next classic becomes eligible, and last time anything that already was exempt, stayed exempt. On the one hand it's great that organisations such as the FBHVC lobby the government to show them how important classic cars are to the economy in terms of the jobs and businesses supported, on the other hand it'd be great if the government consider there are too few classics to make it worth taxing them.
dandarez said:
Keep up with the times...
Usually a bean counter will happily spend 10 quid to, on paper, show they've saved 10p.
They have admin costs regarding VED and SORN the wrong way round. If you pay monthly by d/d, there's a 5% premium for the privilege. When you SORN the car, they stop taking it, job done, press of a button or whatever. Usually a bean counter will happily spend 10 quid to, on paper, show they've saved 10p.
But, if you pay for VED in full, when you SORN a car, they don't electronically refund you, they post you a cheque.
So, you are penalised for lowering their admin costs. OutInTheShed said:
aeropilot said:
I think they are more likely to freeze it at 40, and stop the rolling 40 year, as Labour did previously.
Even more so as the rolling 40 year MOT exemption gets nearer the 1991/2 date when cats and the Euro 1 emissions rules came into force, so I think the rolling 40 year was on borrowed time anyway for that more than anything else, so I can see them freezing it in the budget at the Dec 31st 1985 cut-off date.
But, I could also see a fixed 'historic VED rate' being applied as well....... a £50 flat rate would still get them 10-12million a year extra from over 250,000 vehicles, close to an extra 25 million a year if they doubled that to £100.......but, many owners I suspect would go back to only taking for 6 months again, and SORN for winter time I would think.
Lots of people would tax, then SORN, The average tax yield might be a lot less than 6 months. They could create a lot of work while generating very little tax.Even more so as the rolling 40 year MOT exemption gets nearer the 1991/2 date when cats and the Euro 1 emissions rules came into force, so I think the rolling 40 year was on borrowed time anyway for that more than anything else, so I can see them freezing it in the budget at the Dec 31st 1985 cut-off date.
But, I could also see a fixed 'historic VED rate' being applied as well....... a £50 flat rate would still get them 10-12million a year extra from over 250,000 vehicles, close to an extra 25 million a year if they doubled that to £100.......but, many owners I suspect would go back to only taking for 6 months again, and SORN for winter time I would think.
Taking a car off the road is a slippery slope to not returning it.
Doofus said:
The Chancellor is "reportedly considering scrapping the exemption" but, as far as I can see, the only people "reporting" it are those who say she is "reportedly considering" it. There's no source, apart from the shadow chancellor scaremongering.
I'm not saying it won't happen, mind.
Flat rate £250 on all cars regardless of emissions perhaps?I'm not saying it won't happen, mind.
CDP said:
Would people SORN for 6 months to save £25? Or even £50? Having the car available is worth more than that.
Taking a car off the road is a slippery slope to not returning it.
It would be ironic if tens of thousands of classic car owners SORN'd their cars over the winter as a protest against the imposition of VED on currently exempt cars, wouldn't it?Taking a car off the road is a slippery slope to not returning it.
People might tax the vehicle for say 6 months, use their classic for 3 months over summer, then SORN the vehicle for the rest of the year and get some of their money back. So I can't see it making the Government as much as they hoped. But it will cause bad feeling and loose the Government more votes.
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