tax free vehicles extended to end of 1973

[101sinbad]

from todays budget;

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)


and I think the following means you only have to SORN once;


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)

[814CWE]

why just one year?
history didnt stop at dec1973

[guru_1071]

get in!

my gtm is 1973

whooo-hooo back of the net!

[814CWE]

hmmm
my mk1 escort is a 74

[JC T ONE]

why just one year?
history didnt stop at dec1973

Agree, we have a rolling 35 year restriction, when the car turns 35 = 1/4 roadtax, and 5 years on the MOT

When it turns 40, the MOT is extended to 8 years .

My friends Rover 3500 P6, is a 1977, so he had to pay full roadtax up untill last year and he dont do 350 miles in one summer .

[mab01uk]

From AROnline:
There’s good news for classic car owners in the 2013 budget. From 2014, the exemption from VED (road tax) will be extended to 1974. And that means all cars manufactured in 1973 – previously liable for the annual tax – will now qualify for the exemption. Also, SORNs will no longer be annual, but indefinite.

The measure, which was announced by the Chancellor of The Exchequer George Osbourne, means that cars such as the earliest MGB GT V8s and Austin Allegros are now considered ‘tax-free’. The VED classic vehicle exemption, which was originally introduced in 1994 to roll along at 25 years has set at a fixed date – 1 January 1973 – since 1997.

The new cut-off date for classic vehicles will take effect from 1 April 2014, and covers all cars manufactured before 1 January 1974. Althought it’s not been announced that there will be a return to the pre-1997 rolling exemption, but as this comes into effect at the 40-year point, it’s a good chance that this looks to be the case.

Also in the budget, it was announced that Statutory Off-Road Notifications will no longer need to be renewed on an annual basis. It was confirmed that the Finance Bill 2013 contains this statement: ‘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.’
http://www.aronline.co.uk/blogs/news/ne ... d-to-1974/

The VED classic vehicle tax exemption, was originally introduced in 1994 by the Tories to roll along at 25 years but was set at a fixed date of 1 January 1973 in 1997 by Gordon Brown who froze classic car tax exemption in 1997 in his first budget for New Labour under Tony Blair........

[618AOG]

Good to know they are thinking of old car owners. It's a token gesture, but welcome nonetheless.

Where did I put that 1973 Mini 1000 logbook?