Question to the HM Treasury:

To ask His Majesty's Government what plans they have to review the historic vehicle tax exemption by altering the 40-year rule to 30 years.

At Budget 2014 the Government announced that it would introduce a rolling 40-year Vehicle Excise Duty (VED) exemption for classic cars in recognition of their important contribution to UK heritage and culture.

The Government has set 40 years as being a fair cut-off date to distinguish classic cars from those that are simply older vehicles and there are no current plans to reduce the tax exemption age to 30 years.

As with all taxes, VED is kept under review and any changes are considered and announced by the Chancellor.