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#vehicle_excise_duty

Vehicle Excise Duty

Annual tax on vehicles in the UK

Vehicle Excise Duty is an annual tax levied as an excise duty, and which must be paid for most types of powered vehicles which are to be used or parked on public roads in the United Kingdom. Registered vehicles that are not being used or parked on public roads and which have been taxed since 31 January 1998 must be covered by a Statutory Off Road Notification (SORN) to avoid VED. In 2016, VED generated approximately £6 billion for the Exchequer.

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