Monday, March 24, 2014

We're rolling again!

There's not often you get good news from the annual budget but this year the Chancellor has announced that the rolling road tax exemption for classic / vintage vehicles is back.

This means that essentially from now on vehicles over 40 years old will be exempt from paying road tax. From 1st April 2015 vehicles over 40 years old will be exempt. Currently the cut-off date for exemption is pre 1 January 1973. From 1 April 2014 vehicles pre 1 Jan 1974 will be exempt and from 1 April 2015 the date is officially rolling.

No real idea why this has happened, perhaps someone in government just likes old vehicles...

Also still unclear is what will happen when tax discs disappear later on this year. With no need for MOTs for pre 1960 vehicles and no tax discs will we have to declare our intention to use on the road or can we just go out at will with insurance the only bureaucracy we have to deal with? The truth will out in good time.

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