TaxAdministrationVED raises road tax for millions of motorists

VED raises road tax for millions of motorists

An estimated nine million motorists will have to pay more road tax under gas-guzzler reforms

Official estimates reveal the vehicle excise duty (VED) will increase for 44%
of vehicles – up by up to £245 for the most polluting cars – but for 33% the VED
will fall.

The estimates, which were revealed for the first time in a parliamentary
answer by Treasury minister Angela Eagle, are likely to reignite the dispute
over road tax changes, which have attracted fierce criticism from Labour MPs,
BBC News reports.

The government has already had to offer concessions to its backbenchers after
criticism that poorer motorists will be hit harder by the decision to apply the
new rates to all cars registered since 2001.

Eagle said experts believe that in 2009-10, ‘a third of cars will be better
off in real terms, and in total, approximately 55% of cars will be no worse
off’. She said about 8.7 million vehicles, all in the six top-polluting bands,
would pay more.

Further reading:

Tory plan to amend Finance Bill fails

Darling faces more tax rage over backdated vehicle
excise

Read
the BBC News story

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

3d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

3w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

3m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter