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Spring Budget: VED rates rise

By / 7 years ago / Latest News / 1 Comment

The Spring Budget brought another freeze for both the VED rates for hauliers and the HGV Road User Levy but there was no reprieve for the new VED rates, which take effect from 1 April 2017 for newly registered cars.carmarketPeter Golding, managing director, of FleetCheck, said the news was “disappointing” and added that the new regime “makes little sense for fleets” while Matt Sutherland, COO of Alphabet, said the new rates may provide a disincentive for the take-up of ULEVs.

And Gerry Keaney, BVRLA chief executive, warned of the impact on the car car hire industry, which will see its first year VED bill rise by almost 400% in 2017.

The Budget document also announced that from 1 April 2017 VED rates for cars and vans registered before that date increase by RPI.

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Natalie Middleton

Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.