Tax Incentives for Buses and Lorries

Last edited: Friday, 7th September 2007, 6:27 pm
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The Department for Transport has announced the details of a scheme to extend tax incentives to encourage hauliers and bus operators to buy vehicles that meet the latest European standard for air pollutant emissions, known as 'Euro V', before it becomes mandatory.

It is hoped that the incentive will help to improve air quality by encouraging the early uptake of more environmentally friendly, low emission buses and lorries.

The Reduced Pollution Certificate (RPC) scheme will be extended so that hauliers and bus operators first registering a Euro V compliant vehicle before 1 October 2009 can claim a discount of up to £500 a year on Vehicle Excise Duty (VED).

A vehicle will only be eligible for the discount if it meets the Euro V emissions standard and is fitted with the onboard diagnostic systems and torque control mechanisms that check and control emissions of nitrogen oxides. This will ensure the Euro V standard is maintained throughout the life of the vehicle.<


 

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