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Budget Changes for Motoring

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Comments

  • shane1104
    shane1104 Posts: 63 Forumite
    i don't understand this £140 flat fee..


    currently my VED is £30 PA... does that mean it'll go to £140?
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    shane1104 wrote: »
    i don't understand this £140 flat fee..

    currently my VED is £30 PA... does that mean it'll go to £140?
    No. The change is only for new cars from 2017.

    2001-2016 cars will still be the same CO2 bands as now, but obviously the amount might well change.
    40yr-2001 cars will still be <1550cc/1550cc+.
    Older than 40yr is still free.
  • lisa110rry
    lisa110rry Posts: 1,794 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Should scrap MOT for cars over 10 years old like what they did with even older cars because us banger owners look after our cars. :o

    Don't know about that Lee, not all, though I know a lot who do. My 16 year old SLK and 13 year old get treated like babies as it happens.

    I like to say I'm really being the "green" one because I keep my cars forever, but no one believes me, lol...
    “And all shall be well. And all shall be well. And all manner of things shall be exceeding well.”
    ― Julian of Norwich
    In other words, Don't Panic!
  • redux
    redux Posts: 22,976 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Insurance premium tax will go up to 9.5%
  • pompeyrich
    pompeyrich Posts: 3,135 Forumite
    Part of the Furniture Combo Breaker
    It was becoming increasingly obvious that the tax bands were going to have to change. initially I believe there were only a handful of cars that qualified for £0 tax status. Now you can get a 2 litre diesel Vauxhall Insignia that qualifies for £0.

    Well done to Vauxhall and no doubt other manufacturers for managing to get a decent sized car down to satisfy the criteria but it was always going to cause a rethink on the "green factor" vs loss of road tax income.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    redux wrote: »
    Insurance premium tax will go up to 9.5%
    Still less than half of the tax we pay on almost everything else.
  • forgotmyname
    forgotmyname Posts: 32,958 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    A flat rate is going to upset all those people that want to buy a new £30,000 car to get an extra (claimed) 0.0000001 mpg.

    Extending a cars mot to 4 years will only save those people that sell the car before the MOT because the failure rate is likely to be high.

    A simple test to decide on the MOT date, Can the driver check all the basic essentials and do they actually check them. If no then MOT yearly.
    Censorship Reigns Supreme in Troll City...

  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Herzlos wrote: »
    It'd also make it impossible to avoid, and you'd pay more tax from driving less efficiently or driving a poorly maintained vehicle. You'd also save an absolute fortune in management/enforcement.

    It's such an ideal system they'll never do it.
    It'd be very simple to avoid - especially with older diesels, or for people living near a ferry port or the border to Eire.

    It'd also massively penalise business use. To roughly break even, it'd have to be about 12p/litre. And what about fuel used in lawnmowers/chainsaws/etc where VED isn't required, but red diesel isn't an option?
  • Mobeer
    Mobeer Posts: 1,851 Forumite
    Part of the Furniture 1,000 Posts Academoney Grad Photogenic
    So the MOT thing, is that from now or at a later date? I've got a car from new, due MOT in October. So will that now be next October?

    It's something being 'consulted on', so unless the consultation takes place and then a rule changes is introduced before October (unlikely), then the MOT due date won't change.

    Plus this consultation and any possible future change in rules might only be in relation on new cars, not existing cars.
  • colino
    colino Posts: 5,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    All of the hidden/stealth/OMG surely not, taxes are due to the fact that UK voters still have a fantasy that a low PAYE rate is the most important part of the fiscal system. Put it to the electorate that all of these would disappear if a genuine, fair rate of income tax would be imposed and is possible and they still vote for the system that they moan about.
    We have the most complex tax system in the world, caused by successive governments having to reinvent ways to get the same tax take.
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