A car can be classed as a classic car once it is 40 years old in the UK. This has allowed the import tax to be reduced from 20% to 5%. Though you still pay the 20% on parts imported at a later date
Classic cars do not need to pay a annual road tax.
Now the government have passed a new law for classic cars. Classics no longer need a yearly M.O.T or roadworthy test as long as the owner fills out a V112 form and hands it in at the post office when the road tax is due.
Although the classic car is exempt from a annual road tax we still recieve a reminder each year that the road tax is due. We still have to fill the form in and go to the post office and tax the vehicle even though we pay nothing for the road tax. The bizarre rules and regulations of road tax still have me scratching my head and wondering why.
I am on the fence with the new M.O.T exemption laws. If i take a car for a M.O.T the tester at the test station will give me a pass or a fail. Even if the vehicle passes the tester can add comments(advisories) on the form if he deems parts may fail in the next 12 months. So if i regularly maintain the car and ensure it is roadworthy there will be a annual M.O.T certificate that has no advisories. Having this official record for the car will give me peace of mind and any future owner peace of mind if i decide to sell the car in the future. More importantly having a official record with a M.O.T can only add value to the car in the future.
What option will other UK members be taking when it comes to applying for M.O.T exemption???
Classic cars do not need to pay a annual road tax.
Now the government have passed a new law for classic cars. Classics no longer need a yearly M.O.T or roadworthy test as long as the owner fills out a V112 form and hands it in at the post office when the road tax is due.
Although the classic car is exempt from a annual road tax we still recieve a reminder each year that the road tax is due. We still have to fill the form in and go to the post office and tax the vehicle even though we pay nothing for the road tax. The bizarre rules and regulations of road tax still have me scratching my head and wondering why.
I am on the fence with the new M.O.T exemption laws. If i take a car for a M.O.T the tester at the test station will give me a pass or a fail. Even if the vehicle passes the tester can add comments(advisories) on the form if he deems parts may fail in the next 12 months. So if i regularly maintain the car and ensure it is roadworthy there will be a annual M.O.T certificate that has no advisories. Having this official record for the car will give me peace of mind and any future owner peace of mind if i decide to sell the car in the future. More importantly having a official record with a M.O.T can only add value to the car in the future.
What option will other UK members be taking when it comes to applying for M.O.T exemption???