Re: How will the new UK VED from 1st April effect GT40's
Posted the same question on another forum got this response which makes sense to me.
"In that document vehicle emissions are CO2 g/km. This can only be listed/used if the vehicle is type approved as the emissions are measured during vehicle testing/proving.
Kitcars are not normally type approved so none of the emission classes apply.
The nearest I can see is listed against M1SP
'Multi stage build M1SP and M1G vehicles without
a CO2 emissions figure shown as part of the final
type approval will continue to be taxed as PLG.
Where there is a CO2 figure they will be taxed
under the new scheme.
From my reading of the document we will continue with PLG (Private Light Goods).
If PLG is the £140 figure they have been using then it is possible they could apply the >£40,000 additional £310 for 5 years.
Guess if this is correct it is going to be down to this for it to be under the 40K
• Notional price will be used where the list is price
is not known.
• A full definition of list price and notional price
will be issued.
Amateurs built the ark, professionals built Titanic