Summer Budget 2015: Osborne waters down tax discounts for low emission cars

Madeleine Cuff
clock

New vehicle excise duty bands will let zero emissions cars go free, but could discourage take-up of other low-carbon vehicles

Chancellor George Osborne has announced major changes to Vehicle Excise Duty (VED) from 2017, introducing a new banding system that will let zero emissions cars go free but fail to distinguish between...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Taxation

Treasury raises £52.5bn from environmental taxes in 2023

Treasury raises £52.5bn from environmental taxes in 2023

Revenues from taxes designed to reduce negative environmental impacts have returned to pre-pandemic levels, new ONS data confirms

Michael Holder
clock 08 May 2024 • 3 min read
'Climate Damages Tax': Fossil fuel levy could raise $720bn to tackle climate crisis

'Climate Damages Tax': Fossil fuel levy could raise $720bn to tackle climate crisis

Campaign groups propose tax on fossil fuel extraction to help bridge climate funding gap through to the end of the decade

James Murray
clock 29 April 2024 • 5 min read
'Volatile and uncertain': Why declining oil and gas revenues pose a threat to Scotland's finances

'Volatile and uncertain': Why declining oil and gas revenues pose a threat to Scotland's finances

Institute for Fiscal Studies think tank assesses the impact of declining oil and gas tax revenue forecasts on Scotland's income compared to that of rest of UK

Michael Holder
clock 28 March 2024 • 7 min read