Are we subsidising the owners of 1960s Ferraris? There are 307,407 cars that are road tax exempt, that is their Tax Disc is issued free, as they are Historic Vehicles made before 1973.
At current tax rates of £130 for under 1549cc and £220 for over 1549cc for vehicles registered before 2001 that is between £39 Million to £ 67 Million that other road users are subsidising the owners of 1950s Rolls Royces and 1960s Aston Martins.
Are we really saying that the owner of an £100,000 plus Ferrari cannot afford a £220 VED Tax Disc?
Owners of eight to nine to ten year old cars pay full Road Tax. They get no free VED Disc.
This exemption pre-SORN and before the computer age may have made sense. That the cost of issue and re-issue of a Tax Disc to an historic vehicle might have exceeded the revenue generated.
With proposals for the paperless Tax Disc and SORN being able to be declared at the touch of a mouse click this free Tax Disc for pre-1973 vehicles now makes no sense.
Are we all in this together? Or are vintage Bugatti owners costing millions of pounds somehow exempt from actually putting their hands in their pockets and actually paying for a £220 VED Tax Disc?
I owned a 1960s Sunbeam Tiger and was happy to pay my way when I used it on public roads. That I should enjoy what it for free when the owner of a nine year old Ford pays full VED is an exemption from tax too far!
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