The UK chancellor Rachel Reeves has ended the uncertainty around classic car taxation after months of speculation. The 2025 Autumn Budget confirmed that classic cars over 40 years old will continue to be exempt from Vehicle Excise Duty (VED), a decision welcomed by owners and industry alike.
“Along with the announcement that a freeze on fuel duty will continue, this is very welcome news for classic car owners and for an industry that contributes over £3bn in direct taxes to the UK...
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