 |
| Dept of Transport: VED evasion cost rises by £18m to £147m |
|
The Department for Transport has published National Statistics on the evasion of Vehicle Excise Duty in Great Britain in 2005; it is now estimated to be costing £147 million in the current year 2005/6, some £18 million more than in 2004/5 but well below the figure of over £206 million in 2002/3.
The revenue lost from VED evasion is equivalent to 3.6 per cent of the total revenue that should be raised, compared with 3.4 per cent in 2004/5 and 4.8 per cent in 2002/3. In the Private and Light Goods tax class which accounts for 87 per cent of vehicle stock, evasion rose from 2.9 per cent of vehicles in use in 2004 to 3.1 per cent in 2005. The equivalent figure for 2002 was 4.4 per cent.
Regionally, the largest increase in evasion rate between 2004 and 2005 was in Wales. The survey also showed that vehicles that are not correctly licensed have on average lower mileage than properly licensed vehicles in all tax classes. Evasion rates are highest among motorcycles and 'other vehicles', as was the case in 2004.
Evasion rates are higher for older vehicles. Evasion among vehicles in the PLG class that are more than 10 years old is five times the evasion level of vehicles less than 10 years old. Evasion is around 10 times higher for vehicles whose owner details are not known.
The latest DfT report describes how the survey was carried out and presents detailed results, including further comparisons against those from the previous two surveys.
|
|
|
Source : http://www.autoindustry.co.uk
(10/28/2005)
|
| |
 |
|
| Other
Stories of Saturday, October 29, 2005 |
|
| Murano buyers offered DVD package |
| Uncertain future for Fiat UK |
| Ford Motor says to invest $75 million in India |
| Audi boxes clever |
| Daytona beckons, thanks to STP |
| Ford Focus ST |
| Mitsubishi Agrees to Supply Smart Engines |
| Vauxhall details new performance VXRs |
| Hyundai Puts Minivan Back On Track |
| Ex-Rover staff get Nanjing invite |
| Castrol has developed a new branded dealer programme called 'Service Rewards' which is being launched in the UK. |
| Audi Launches Europe's First Brand-Specific TV Channel |
| Next-Generation Volvo S80 Will Gain V8 Power |
| 4x4 Subaru heads to the UK |
| Struggling Ford Limits Bathroom Breaks at Navigator Plant |
| Mitsubishi Planning New V6 Outlander for U.S. |
| AutoTurkey 2006 conference set for 25-26 January |
| TRW Automotive completes Spanish airbag maker acquisition |
| Ford Delivers Hydrogen Focus Fuel Cell Fleet |
| PSA Peugeot Citron's nine-month sales up 1.3%; inventory cuts planned |
| The USO and GM Racing Bring National Hot Rod Association Drivers to Visit Troops in Germany |
| Nanjing Automobile in talks with potential Longbridge joint venture partners |
| Revenue Up, Operating Profit Up |
| Jay Leno to Present Restored 1968 Camaro to Fallen Hero's Son |
| Consumers Crucial In Outcome of Oil Change Intervals |
| MADD Kicks Off 2005 Strides for Change 5K Walk October 29 at Milam Park |
| Production October 28, 2005 |
| Kia Motors reports third quarter profit fall |
| Hot Wheels Booth at SEMA Offers Much More Than Die-Cast |
| Mitsubishi To Supply Engines For Smart Car |
| Micron Technology launches new automotive image sensor chip |
| Historic Ski Jump Commercial To Celebrate 25 Years Of Quattro |
| Programs to Leave |
| Mercedes-Benz Unveils R-Class Grand Sports Tourer |
| Ford Dagenham employees mark plant anniversary with new Transit diesel |
| Nissan reports 5.5% fall in quarterly operating profit |
| Toyota Builds on the Past, Looks to the Future in 2005 North American Environmental Report |
| Autobytel's Automotive Video for Hot-Off-the-Shelf Video iPods |
| Automotive sector is now third-largest PCB consumer |
| Monaco Coach Corporation Reports Third Quarter Results |
| GM Recalls Nearly 106,000 SUVs |
| BMW revises Z4 engine line-up |
| McRae's Fabia time Down Under |
| GM recalls nearly 106,000 SUVs to fix door latch |
| AvtoVAZ Chief Calls It Quit-ski |
| Hot-Blooded 408-Horsepower Volvo XC70 Roars in to SEMA |
| Daimler unit to appeal against ruling in MAN case |
| BMW 3-Series tops thieves' wish list |
| Ford's head of hybrid program to leave |
| New Buick Crossover Christened "Enclave" |
|
