Help Settle An Argument

[ToraToraTora]

I know the classic car exemption was introduced approx 1994/5/6 as a rolling 25 years and later frozen by Labour in 1997 but I cannont find any definitive article saying so. I think Ken Clarke was the Chancellor. Can anyone point me at the details of the original budget item. Thanks

[Peaspeculiars]

Still searching for a better link Tora, but try this one for now. Although it mentions the 25yr rolling scale it's not definitive:

http://www.telegraph.co.uk/motoring/classiccars/9943381/Budget-2013-Classic-car-VED-exemption-extended-to-1974.html

[ToraToraTora]

thanks for trying, can we even determine which actual budget introduced this?

[DrFilth]

can you not get the info you need from this site

http://www.publications.parliament.uk/pa/cm200304/cmhansrd/vo040305/text/40305w01.htm

[Peaspeculiars]

This forum seems to suggest the freeze was done by Gordon Brown within his 1997 Budget
http://forum.minicooper.org/forum/news/news-aa/6198-38-year-rolling-classic-car-tax-exemption
- I can't see it mentioned in his 1997 budget speech though...

[ToraToraTora]

yes I know when it was frozen I just can't find the details of when it was introduced.

[Graham-W]

According to this site, as others have said, introduced in 1997.
https://www.change.org/petitions/the-treasury-re-introduce-the-uk-rolling-classic-car-tax-exemption-scheme

[ToraToraTora]

No that's wrong, there was no Tory Budget in 1997, it was Brown's Labour budget in 1997 that froze what had gone before.

[Peaspeculiars]

Okey dokey: Page 106 (5.53) Financial Statement & Budget Report 96/97

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/235608/0030.pdf

[brionon]

Ken Clarke -that's the bloke who is SO clever that he didn't see the Crisis coming !!

[ToraToraTora]

Peaspeculiars, you are the guvnor, thank you, your patience puts my own lack of it to shame!

[Peaspeculiars]

No worries Tora, It was interesting to find out. I shall pop a flower into my guvnors thinking cap to make it more girly though :-)

[Graham-W]

In light of the "Page 106 (5.53) Financial Statement & Budget Report 96/97" probably in the 1996 budget and introduced in 1997.

[ABerrant]

Kenneth Clarke introduced the rolling 25-year 'historic vehicle' VED exemption in his Autumn Budget, 28th November 1995, as enacted by s.18 of the Finance Act 1996.

http://www.johnmajor.co.uk/page4285.html
http://www.legislation.gov.uk/ukpga/1996/8/section/18


Gordon Brown froze the exemption in his Spring Budget, 17th March 1998, as enacted by s.17 of the Finance Act 1998.

http://www.legislation.gov.uk/ukpga/1998/36/section/17

[ToraToraTora]

thanks AB, and all who've helped here.