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BUDGET 2017 ANNOUNCEMENT

BUDGET 2017 ANNOUNCEMENT

BUDGET 2017 ANNOUNCEMENT

Frozen Fuel Duty Budget 2017

Chancellor Philip Hammond today revealed that drivers of diesel vehicles that do not meet emissions standards will have to pay a higher rate of vehicle excise duty from April 2018. This means that vehicle excise duty for diesel cars will increase by one band with a £140 annual flat rate to be charged after this. It is still unclear as to whether Euro 6 diesel vehicles will be effected by these rate changes. 

 

An increase in fuel duty was expected to be announced, however Hammond decided to freeze prices again - making for the longest freeze for over 40 years. This means the average car driver is £850 per year better off since 2010, and van drivers over £2100 better off.

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