A reduced rate of Vehicle Excise Duty (VED) of £100 for cars with engines up to 1,100 cc will be introduced from 1 June 1999. The VED rate for all private and light goods vehicles will be increased by £5 to 2155 from 10 March 1999.
From Autumn 2000, a system of VED for new cars, based on emissions of carbon dioxide, will be introduced.
The Budget also included:
a freeze in most lorry VED rates for the second year running
a doubling to £1,000 of the maximum VED discount for low emission lorries and buses
a simplification of plating procedures, a long-standing haulage industry request
fuel duty incentives for cleaner fuel
a 55% reduction in the VED rate for some vehicles engaged in combined road-rail transport
higher rates of VED for recently-introduced classes of lorry, to discourage the use of vehicles with heavier, 11.5-tonne, axle weights.
© Faversham House Ltd 2023 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.
Please login or Register to leave a comment.