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Chancellor smooths out VED laws
1st May 2003, Page 9
1st May 2003
Page 9
Page 9, 1st May 2003
— Chancellor smooths out VED laws
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• The Chancellor has made an amendment to the Vehicle Excise Duty (VED) banding system in an effort to protect hauliers from prosecution.
The change will not only prevent operators of artics breaking the law because of ambiguous legislation, but will also cut down on Vehicle Inspectorate and DVLA administration.
The finance bill, released as part of the Chancellor's Budget, addressed the Vehicle Excise and Registration Act 1994, which used an old system of weight and axle configurations.
In December 2001, a new system offered more flexibility to operators wishing to plate a vehicle at different weight and axle structures. But the wording of the legislation did not represent the flexibility intended.