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Cheaper Vehicle Excise Duty for non-motorway users considered | Cheaper Vehicle Excise Duty for non-motorway users considered |
(about 2 hours later) | |
A two-tier Vehicle Excise Duty, with a lower rate for those avoiding motorways and other main routes, is among options being considered by the government. | A two-tier Vehicle Excise Duty, with a lower rate for those avoiding motorways and other main routes, is among options being considered by the government. |
The plans would not necessarily mean those using motorways pay more than at present, a Treasury source said. | The plans would not necessarily mean those using motorways pay more than at present, a Treasury source said. |
The government is currently looking at a number of different ways that roads could be owned and paid for. | The government is currently looking at a number of different ways that roads could be owned and paid for. |
The plan has yet to be considered by the prime minister, who had called for "innovative approaches" on the issue. | The plan has yet to be considered by the prime minister, who had called for "innovative approaches" on the issue. |
In March, David Cameron launched the review by saying there was a need for an "urgent" increase in private investment to improve England's road network. | In March, David Cameron launched the review by saying there was a need for an "urgent" increase in private investment to improve England's road network. |
Fresh ideas were needed, he said, to finance road improvements at a time of tight government finances and set the Treasury and Department for Transport to work on a feasibility study. | Fresh ideas were needed, he said, to finance road improvements at a time of tight government finances and set the Treasury and Department for Transport to work on a feasibility study. |
Under the two-tier plan, part of a driver's Vehicle Excise Duty payments would go to private companies managing and investing in the road network. | Under the two-tier plan, part of a driver's Vehicle Excise Duty payments would go to private companies managing and investing in the road network. |
Falling revenue | Falling revenue |
Cameras using number plate recognition technology would be used to catch motorway users who had not paid the higher rate. | Cameras using number plate recognition technology would be used to catch motorway users who had not paid the higher rate. |
Reforms to the duty - often referred to as road tax - follow concerns that increased fuel efficiency could lead to a fall in revenue from it as motorists switch to more environmentally-friendly cars which qualify for lower rates. | Reforms to the duty - often referred to as road tax - follow concerns that increased fuel efficiency could lead to a fall in revenue from it as motorists switch to more environmentally-friendly cars which qualify for lower rates. |
Forecasts from the Office for Budget Responsibility show that while tax receipts for Vehicle Excise Duty are expected to remain broadly flat at about £6bn a year over the next five years, they could fall as a percentage of GDP from 0.4% in 2010-11 to 0.1% by 2029-30. | Forecasts from the Office for Budget Responsibility show that while tax receipts for Vehicle Excise Duty are expected to remain broadly flat at about £6bn a year over the next five years, they could fall as a percentage of GDP from 0.4% in 2010-11 to 0.1% by 2029-30. |
Under the current system, cars fall into 13 payment bands depending on their level of carbon emissions, with more polluting vehicles taxed more heavily. | Under the current system, cars fall into 13 payment bands depending on their level of carbon emissions, with more polluting vehicles taxed more heavily. |
The duty is paid annually, but a higher rate is payable in the first 12 months of the vehicle's registration. | The duty is paid annually, but a higher rate is payable in the first 12 months of the vehicle's registration. |
Cars with the lowest levels of carbon emissions, such as hybrid cars registered in or after March 2001, are exempt from paying the duty. | Cars with the lowest levels of carbon emissions, such as hybrid cars registered in or after March 2001, are exempt from paying the duty. |
European regulations aimed at reducing carbon emissions from new cars and improvements in technology are expected to lead to a higher proportion of cars qualifying for the lower bands of VED in the future. | European regulations aimed at reducing carbon emissions from new cars and improvements in technology are expected to lead to a higher proportion of cars qualifying for the lower bands of VED in the future. |
The Daily Mail reported that other options being considered by the government include changes to the duty's payment bands or making the tax a one-off up-front charge on new vehicles, instead of charging annually. | The Daily Mail reported that other options being considered by the government include changes to the duty's payment bands or making the tax a one-off up-front charge on new vehicles, instead of charging annually. |
However, linking how much motorists pay with how far they drive on motorways, or their use at peak times, has been ruled out, the newspaper said. | However, linking how much motorists pay with how far they drive on motorways, or their use at peak times, has been ruled out, the newspaper said. |
A spokesman for the Department for Transport said: "The department and Treasury are currently carrying out a feasibility study to review new ownership and financing models for the strategic road network. | A spokesman for the Department for Transport said: "The department and Treasury are currently carrying out a feasibility study to review new ownership and financing models for the strategic road network. |
"This is looking at how best we can secure investment in the network to increase capacity and boost economic growth. | "This is looking at how best we can secure investment in the network to increase capacity and boost economic growth. |
"The government has made clear it will not implement tolls on existing road capacity and has no plans to replace existing motoring taxes with pay-as-you-go road charging." | "The government has made clear it will not implement tolls on existing road capacity and has no plans to replace existing motoring taxes with pay-as-you-go road charging." |
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