Could UK Tax Exemption Changes be in the Pipeline?

Could major changes be coming to the historic vehicle tax exemption we rely on? In today’s video, we’re unpacking a concerning piece of communication that hints at possible changes to the tax exemptions for classic cars in the UK. A subscriber’s back-and-forth with the DVLA might have inadvertently revealed the possibility that the UK Chancellor could be reconsidering the 40-year rolling exemption rule for historic vehicles. With Chancellor Jeremy Hunt’s Autumn Statement scheduled for November 22nd, and given the switch to electric vehicles, the government could be eyeing historic vehicles as a source of recouped revenue. This could affect approximately 1.5 million vehicles in the UK!