What is VED?
VED, or Vehicle Excise Duty, is the official term for what many people refer to as road tax in the UK. It is a fee that drivers must pay to use their vehicles on public roads. The amount you pay largely depends on your car’s emissions and its age. Understanding VED is crucial for all vehicle owners, as it can impact your budget significantly.
In essence, VED serves a dual purpose. It helps fund the maintenance of public roads and encourages drivers to consider the environmental impact of their vehicles. New cars typically have lower VED rates if they emit fewer pollutants. This system aims to motivate drivers to opt for cleaner, more efficient vehicles. If you’re a vehicle owner in the UK, staying informed about VED can save you money and ensure compliance with the law.
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