Motor Vehicles: Excise Duties

Summary

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reducing VED for vehicles ages 20-39 years old by 50%.

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Timeline

1. 14 May 2026

   Written question

   To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reducing VED for vehicles ages 20-39 years old by 50%.

   Source: Commons

2. 20 May 2026

   Answer

   At Budget 2014 the Government announced that it would introduce a rolling 40-year exemption from Vehicle Excise Duty (VED) for classic cars. This means that currently vehicles constructed before 1 January 1986 are exempt from paying VED. The law does not ...

   Source: Written answer

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• · Treasury · Answering body

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