Motor Vehicles: Excise Duties
Commons · Question 29031 · Tabled 5 Feb 2025 · Treasury · Official record
Answered 13 Feb 2025
Question
Asked by Jerome Mayhew
To ask the Chancellor of the Exchequer, for what reason there is a surcharge on vehicle tax payments on periods shorter than a year.
Answer
Answered by James Murray, 13 Feb 2025
Vehicle Excise Duty (VED) can be paid annually, or in monthly or 6-monthly instalments. Revenue from motoring taxes helps to fund vital public services and infrastructure, including investment in roads and transport. The cost to the exchequer is higher wh...