HMT-HMRC Consultation outcome: Zero emission capable taxis: Vehicle Excise Duty rates
Released 6 July 2018
HM Treasury and HMRC have published responses to the consultation exploring an exemption from the Vehicle Excise Duty (VED) supplement for zero-emission capable taxis.
HM Treasury ran a public consultation between 6 March 2018 and 29 May 2018 exploring the appropriate definition for a zero-emission capable taxi in order to apply an exemption from the VED supplement for expensive cars. Alongside the summary of consultation responses, the draft Finance Bill clause to exempt eligible taxis has been published for technical consultation, ahead of the legislation being laid before Parliament later this year.