DVLA cofirms extension of VED exemption

At Budget 2013 the Government announced that it will extend the cut off date from which classic vehicles are exempt from VED by one year.  From 1 April 2014 a vehicle manufactured before 1 January 1974 will be exempt from paying VED.  Because this is a tax rates and bands related matter no draft legislation was issued for public consultation as part of the publication of the draft Finance Bill 2014 on 10 December 2013.  The Government will publish the legislation when the final Finance Bill 2014 is laid in Parliament shortly after Budget 2014.