01/11/2026
Budget 2026: What motorists need to know
⛽ Fuel Duty
The 5p fuel duty cut stays until July 2027, but duty is currently set to rise after that unless the Government changes course.
🚘 Classic Vehicle Tax
No changes to the rolling 40-year VED exemption. Owners of younger classics will see VED increases from April 2027.
📦 Imported Spare Parts
From October 2028, customs duty exemption on low-value imports will be removed, potentially increasing the cost of overseas parts.
⚡ EV Mileage Tax
The proposed EV mileage-based tax remains on track for April 2028, alongside regular VED.
🚗 Other Changes
VED for modern vehicles will increase from April 2027, while tax-free business mileage rates are set to rise.
The headline? Historic vehicle owners keep their tax exemption, but rising motoring costs, potential fuel duty increases, and higher import charges are worth watching.
What are your thoughts on the Budget announcements? 👇