This petition was submitted during the 2019 to 2024 Parliament
Closed petition Reduce the Tax exemption age for classic cars to 30 years.
Closed on
I would like the Government to reduce the tax exemption age for classic cars, from 40 years to 30 years.
I would like the Goverment to do this as it will help young motoring enthusiasts afford classic cars.
14,797 signatures
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Petition closed
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Government responded to this petition
There are no current plans to reduce the tax exemption age for classic cars from 40 to 30 years. The Government has set 40 years as being a fair cut-off date to distinguish classic cars from old cars.
Read the response in full
The Government considers that classic vehicles are an important part of the country’s historical and cultural heritage. According to research by the Federation of British Historic Vehicle Clubs, in their publication The 2020 National Historic Vehicle Survey, the historic car industry employed around 34,000 people in the UK.
Recognising the important role played by historic vehicles, the Government announced at Budget 2013 that it would be extending the cut-off date from which classic vehicles are exempt from paying Vehicle Excise Duty (VED) to 1 January 2014. At Budget 2014, the Government then announced that it would introduce a rolling 40-year VED exemption, which means that currently vehicles constructed before 1 January 1981 are exempt from paying VED.
The Government set 40 years as being a fair cut-off date that distinguishes classic cars from old cars. There are no current plans to reduce the tax exemption age for classic cars from 40 years to 30 years, but as with all taxes, VED is kept under review.
HM Treasury
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Petition published
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If this petition gets 10,000 signatures, government will respond to it.
If this petition gets 100,000 signatures, it will be considered for debate in Parliament.
This petition will stay open until 13 October 2021.