Email:sales@m-v-m.com

Here are the rates of Vehicle Excise Duty (VED), effective from 13th March 2008

The Alternative Fuel tax class includes vehicles constructed to use Bioethanol, or a mixture of Bioethanol and
unleaded Petrol, if the proportion of Bioethanol by volume is at least 85%.

The reduced rate of VED for Euro IV Vans will be removed for Vans registered after 31st December 2006;
but remain for the lifetime of Vans meeting the requirements registered before that date.

An extra 6 bands will be introduced in 2009/10 with vehicle excise duty graduated from year 1 to year 2.
In 2010/11. The highest band will be M with CO2 emissions in excess of 255g/km with a first year rate of £955
and a standard rate of £455.

National Insurance Rates 2008/09 - No Change for Corporates
Employers will continue to pay 12.8% contribution on the provision of company cars and private fuel.

Alternative Fuel Discounts

The current basis for the taxation of cars capable of running on "Alternative" fuel has been simplified.
From 6th April 2006 the discounts on "Benefit in Kind" taxation are as below:

2% Discount for Bi-Fuel Gas & Petrol Cars manufactured or converted before type approval

3% Discount for Hybrid Electric & Petrol Cars

6% Discount for Electric Only Cars

These Discounts remain in place however the minimum BIK factor is 10%: except in the case of
Type E cars - All Electric where the BIK factor is set at 9%