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Author: Subject: Tax Exempt
mad4x4

posted on 3/4/13 at 01:03 PM Reply With Quote
Tax Exempt

Stolen from : 101 owners


quote:

Not sure if you all picked up on this, but the budget has altered the tax exemption date, its moved forwards a year to 1974. Is this the start of a rolling exemption, who knows, but if it is a few more years and owning a 101 may get a little cheaper! Relevant section taken from the budget below. 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. (Finance Bill 2014) Link to budget paper, its on page 84 for those that are interested. http://cdn.hm-treasury.gov.uk/budget2013_complete.pdf
Budget Bill 2014


[Edited on 3/404/13 by mad4x4]





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r1_pete

posted on 3/4/13 at 02:04 PM Reply With Quote
Had to click the link to find out what a 101 is, all I could think was Vauxhall

I wonder if they will roll it as it was originally intended, then Labour got in and stopped it....

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morcus

posted on 3/4/13 at 02:29 PM Reply With Quote
They probably will, that said by 97 the old one of 25 years was being abused as cars were serviving longer.





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coozer

posted on 3/4/13 at 02:29 PM Reply With Quote
This bits handy as well..

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. (Finance Bill 2013)

Does that mean once you sorn your car thats it until its taxed again?





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chris-g

posted on 3/4/13 at 02:31 PM Reply With Quote
Just 9 more years to wait for my MK1 Golf to go back on the road, although I would be surprised if the exemption date is reviewed and revised each year, probably depends on the level of debt the country is in.
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britishtrident

posted on 3/4/13 at 02:59 PM Reply With Quote
A 101 will be a forward control Land-Rover rather than a Vauxhall Victor FC 101, all FC Victors (if any of them still exist) were built between 64 and 67 hence already exempt.





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Oddified

posted on 3/4/13 at 03:55 PM Reply With Quote
Fingers crossed then....only 2 years to go for my Kitten

Ian

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steve m

posted on 3/4/13 at 04:04 PM Reply With Quote
What year is it up to now? 1973/74?
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scudderfish

posted on 3/4/13 at 04:40 PM Reply With Quote
My Fury is 1978 apparently. Mind you, the engine/gearbox was from a 1984 SD1, the chassis was made in 1998, it was first on the road in 2001 and it's current engine is from a 1992 TVR. I struggle when people ask me how old it is.
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Andybarbet

posted on 3/4/13 at 08:06 PM Reply With Quote
Our mini is 1976 so fingers crossed for a rolling jobbie.
It will be very affordable to keep running then, just the cost of an MOT & the £80 per year fully comp insurance including breakdown cover !





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