Changes to VED rates effective 1 April 2021
In his Budget statement, the Chancellor of the Exchequer, Rishi Sunak MP, announced the following changes to vehicle excise duty:
• an increase in VED rates for cars, vans and motorcycles in line with the retail price index (RPI) for vehicle licences taken out from 1 April 2021,
• a freeze on the Heavy Goods Vehicle (HGV) VED rates from 1 April 2021
• a 12-month extension to the HGV Levy suspension from 1 August 2021.
The updated Rates of Vehicle Tax, effective April 2021, are available here.