Honda-SOHC
Other Stuff => Misc / Open => Topic started by: Bryanj on March 21, 2014, 06:58:29 AM
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Did any of you notice this in the budget speech:-
There's good news for classic car owners in the 2014 budget. From April 2014, the classic car exemption from VED will begin rolling from 40 years, with cars built before January 1974 eligible for a zero-rated tax disc. Then, from January 2015, the formerly fixed cut-off, will become a rolling one
I know a few of you have been hoping!!!
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My sole remaining SOHC is a 72 Bryan, so a bit late for me.
The '79 CB900FZ went this week. My friendly local farmer is retiring and wants his barn back, so I'm down to what I can keep in my garage.
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Hooray. Won't be long before my slabby gsxr becoems eligible then!
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Congrats on the cb900 sale steve. Looked lovely. Shame you're having to downsize...
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Oh and the rolling tax break is great news - finally!!
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excellent news. Do I read this correctly, December 1974 bike, free from April 2015?
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That and the need to no longer display a wet and dirty tax disk in a crappy plastic holder as of October this year (?)
I might just get one of those date-related disks that they advertise on the web...
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In 1974, when my bike was made, it was £10.50 per year to tax. According to Hansard, the average wage for a full time manual working man was £38.10 per week.
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I wondered if I'd read that in the budget paper correctly as nobody seemed to be saying anything about it.
Good news for any of us with older vehicles, and it will perhaps take a bit of a sting out of prices that have been pushed up because of the 72 deadline up until now.
Most of these old things sit about alot anyway so it's not as if they will avoid tax really, and you can't drive them all at once so usually only one vehicle from each owner is out at any one time.
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Fantastic news, I'm a happy man as all my 500/4's will be exempt by next year I think, and when '78 bikes come up exempt as I've a few of those too, and a landrover.
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Just to be certain here's a link
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293910/TIIN_2507_8011_40_year_rolling_exemption_for_classic_vehicles_.pdf
Steve, what is the october bit?
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Thay are doing away with tax discs.
"The most visible one of these is the removal after 94 years of the tax disc, which is due to be replaced by an electronic system in October."
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great my cb750 misses by one day ! v5 is 1 jan 1974. still all good from 2015.
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Is it still based on the month of manufacture or is it registration date?
cheers ... AshD
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Dave
You should be ok if the same principle applies to the issues I had getting Historic tax class for mine late last year. The DVLA registered my Us Imported 500/four K2 as jan 1st 73 even though the K2 wouldnt have been built for another 10 months. However as its there mistake I took the opportunity in requesting entry into the historic tax class as per their information doc INF 34 which states that vehicles registered between 1st and 7th Jan 73 must have been built in 72 and hence would be allowed Histotic status. So now I have a Historic tax disc on my K2. See attached link to INF34 doc.
Cheers Ian
https://www.direct.gov.uk/prod_consum_dg/groups/dg_digitalassets/@dg/@en/@motor/documents/digitalasset/dg_065254.pdf