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The Vehicle Excise Duty (Immobilisation, Removal and Disposal of Vehicles) (Amendment) Regulations 2001
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- 2001 No. 936
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations amend the Vehicle Excise Duty (Immobilisation, Removal and Disposal of Vehicles) Regulations 1997 to increase the amounts of charges specified in Table I of Schedule 1 to those Regulations, and to substitute a new Table II in Schedule I both to increase the charges specified therein and to incorporate the two new classifications of appearing in Parts IA and IB of Schedule 1 to the 1994 Act, which were introduced by the Finance Act 2000.
Regulation 3 provides for increases in the prescribed charges for the release, removal and storage of vehicles specified in Table 1 to the 1997 Regulations.
Regulation 4 substitutes a new Table II specifying the new prescribed charges for surety payments in respect of vehicles.
The existing prescribed charges have been in place since 3rd November 1997. The following table shows that where the existing charge is that shown in column (1), the new charge will be that shown in column (2). The percentage increase is shown in column (3).
| (1) | (2) | (3) |
|---|---|---|
| Existing Charge | New Charge | Percentage Increase |
| 68.00 | 80.00 | 18% |
| £135.00 | £160.00 | 19% |
| £12.00 per day | £15.00 per day | 25% |
| £100.00 | £120.00 | 20% |
| £250.00 | £300.00 | 20% |
| £500.00 | £600.00 | 20% |
The charge payable for the disposal of a vehicle remains unchanged.
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