PropertyValue
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  • Vehicle Excise Duty
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  • VED, which raised GB£5.63 billion in 2009, is collected and enforced by the Driver and Vehicle Licensing Agency (DVLA). Vehicle tax was introduced in the 1888 budget and the current system of excise duty applying specifically to motor vehicles was introduced in 1920. This excise duty was ring-fenced for road construction and was paid directly into a special Road Fund from 1920 until 1937 after which it was treated as general taxation. Even during this period the majority of the cost of road building and improvement came from general and local taxation due to the tax being too low for the upkeep of the roads.
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abstract
  • VED, which raised GB£5.63 billion in 2009, is collected and enforced by the Driver and Vehicle Licensing Agency (DVLA). Vehicle tax was introduced in the 1888 budget and the current system of excise duty applying specifically to motor vehicles was introduced in 1920. This excise duty was ring-fenced for road construction and was paid directly into a special Road Fund from 1920 until 1937 after which it was treated as general taxation. Even during this period the majority of the cost of road building and improvement came from general and local taxation due to the tax being too low for the upkeep of the roads.