Motor Vehicles: Excise Duties
Commons · Question 29032 · Tabled 5 Feb 2025 · Treasury · Official record
Answered 13 Feb 2025
Question
Asked by Jerome Mayhew
To ask the Chancellor of the Exchequer, if she will make an estimate of the additional unit cost of processing vehicle tax payments on periods shorter than one 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...