Motor Vehicle Excise
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A Motor Vehicle Excise is a excise tax applied to vehicles being used on public roads.
- AKA: Vehicle Excise Duty, VED, Vehicle Tax, Vehicle Excise.
- Example(s):
- Counter-Example(s):
- See: Levy, Property Tax, Excise Tax, Indirect Tax.
References
2016
- (Wikipedia, 2016) ⇒ http://en.wikipedia.org/wiki/Vehicle_excise_duty
- Vehicle Excise Duty (VED) (also known as 'vehicle tax', 'car tax', and 'road tax'), is a tax that is levied as an excise duty and which must be paid for most types of vehicle which are to be used (or parked) on the public roads in the United Kingdom.[1] A Statutory Off Road Notification (SORN) must be made for a registered vehicle that is not being used on the road, and which has been taxed since 31 January 1998. VED, which is collected and enforced by the Driver and Vehicle Licensing Agency (DVLA), raised £5.63 billion in 2009. Until 2014, when responsibility was transferred to the DVLA, VED in Northern Ireland was collected by the Driver and Vehicle Agency there.[1]
- ↑ "The road user and the law". Direct.gov.uk. http://www.direct.gov.uk/en/TravelAndTransport/Highwaycode/DG_069869. "Most of the provisions apply on all roads throughout Great Britain, although there are some exceptions."