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Old 15th January 2017, 02:02 AM   #1
Nick Brough's Avatar
Nick Brough
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How will the new UK VED from 1st April effect GT40's

OK so I have read the government document

https://www.gov.uk/government/upload...r-industry.pdf

and am still none the wiser.

My car has a 1971 engine block so IVA is visual check only no CO2 check, so what tax bracket will it fall into from the 1st of April. Will they do a CO2 check and base it on that, some of the tax brackets based on CO2 figures are quite frightening.
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Old 15th January 2017, 05:46 AM   #2
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Re: How will the new UK VED from 1st April effect GT40's

Hi Nick,
I registered my car last year and found the DVLA in Swansea very helpful in guiding me through the process. They have a section specialising in Kit Cars and the like. I can imagine that they will be able to answer your questions.
Cheers Roger Allen
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Old 15th January 2017, 02:35 PM   #3
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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.

Steve "

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.
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Old 9th February 2017, 04:51 PM   #4
Dan Winkworth
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Re: How will the new UK VED from 1st April effect GT40's

Hi Nick,
I think this is correct and pretty sure we will be charged the higher rate based on declared or assessed value.

Trying to get mine through before April to avoid this :-)

Dan



Quote:
Originally Posted by Nick Brough View Post
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.

Steve "

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.
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Old 13th February 2017, 06:07 PM   #5
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Re: How will the new UK VED from 1st April effect GT40's

Hi Nick,
As I mentioned earlier, I got through IVA last year with my RCR Mk1. I had copies of the major invoices and a summary spreadsheet of all the others divided into sections for easy reading.
I have an agreed insurance valuation with my insurers.
Again, you might want to clarify things with the DVLA, they really are helpful in getting cars registered. Cars have to meet their standards but ultimately that's no bad thing.
Cheers
Roger Allen
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