Motor Vehicles: Excise Duties
Commons · Question 1430 · Tabled 14 May 2026 · Treasury · Official record
Answered 20 May 2026
Question
Asked by Martin Wrigley
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%.
Answer
Answered by Dan Tomlinson, 20 May 2026
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 ...