Motoring in the Budget

[Citman]

Just having a poke through the bits to do with motoring, no huge surprises, apart from the rolling back of the VED exemption for historic vehicles to 1974. Looks like SORN declarations are now applied indefinitely until notified otherwise too.

Outside of a few changes to company car thresholds, especially first year allowance on lower emission vehicles, main points seem to be:

2.144 Fuel duty
– The 1.89 pence per litre fuel duty increase that was due to take effect on 1
September 2013 will be cancelled.

2.145 Minor fuel duty rates
– In 2015-16 the duty differential between the main rate of fuel
duty and the rate for compressed natural gas will be maintained, and the duty differential for
liquefied petroleum gas will be reduced by the equivalent of 1 penny per litre. (Future finance
bill)

2.146 VED rates and bands
– From 1 April 2013 VED rates will increase in line with RPI, apart
from VED rates for heavy goods vehicles (HGVs) which will be frozen in 2013-14. (Finance Bill
2013). The Government has no plans to make significant reforms to the structure of VED for
cars and vans in this Parliament.

2.148 VED: classic vehicle exemption
– The Government will extend the cut off date
from which classic vehicles are exempt from VED by one year. From 1 April 2014 a vehicle
manufactured before 1 January 1974 will be exempt from paying VED.

2.151 VED: tax disc display waiver
– To reduce tax administration costs, the Government
will put off-the-road declarations onto an indefinite basis. The Government will also extend the
grace period to 14 days, following the payment of tax, on the non-display of the tax disc in a
vehicle.

Full document here - most of the motoring stuff is near the end, around page 83 or thereabouts:

http://cdn.hm-treasury.gov.uk/budget2013_complete....

Edited by Citman on Wednesday 20th March 15:32

[Major Fallout]

Nothing too nasty in that.

[Art0ir]

Indefinite SORN is a good move, something sensible for once.

[farrendahl]

Major Fallout said:

Nothing too nasty in that.

But if truth be told nothing actually that positive for the average motorist. A very safe budget doing it's best to not upset the apple cart overly so

[750turbo]

Yep, you would even think there was an election in the not too distant future.

[lufbramatt]

Right lets all go and buy cheap 1973 cars before everyone else realises they're soon to be tax-exempt

[soad]

Art0ir said:

Indefinite SORN is a good move, something sensible for once.