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DVLA Vehicle Excise Duty Income Plunges As Tax Disc Axed

August 7, 2016

Vehicle Excise Duty takings have plummeted since new rules came into force in 2014 such as abolishing the tax disc, The Driver & Vehicle Licensing Agency confirmed (DVLA). Its Annual Report and Accounts 2015/16 showed income from this source – to March 31st 2016 – was £5.930 billion compared to £6.023 for 2014/15 (-£93 million).

The DVLA said: "As the last tax discs issued expired on September 30th 2015, it is likely that during the transitional period - with customers becoming accustomed to the new tax changes - that VED (Vehicle Excise Duty) collection was affected". The new rules were:

 

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