How will the new budget affect the UK automotive industry?
SMMT response to Budget 2000 Vehicle Excise Duty The current VED system has been frozen until March 2001 when the following changes will take place: ·Reduced rate from standard £155 charge to £105 for all existing vehicles under 1200cc. ·New four-band VED system for all new cars, based on carbon dioxide (CO2) emissions. Within each band there will be a £10 discount for cars using cleaner fuels and technology. A £10 penalty will also be imposed within each band for diesel vehicles.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable