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  "path": "/lifestyle/cars/car-tax-benefit-holiday-hgv",
  "publishedAt": "2026-06-17T14:59:17.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Motorist with genetic eye disorder jailed and stripped of driving licence for life after killing pensioner",
    "Drivers back 'careful and competent' self-driving tech as Labour moves forward with autonomous plans",
    "Motorists risk £2,500 fine for flying England flags ahead of first World Cup game",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nThousands of drivers could be impacted by new car tax changes announced by HMRC that may see them have their Vehicle Excise Duty costs slashed.\n\nHM Revenue and Customs has announced that it will provide a 12-month \"holiday\" from Vehicle Excise Duty for the majority of heavy goods vehicles.\n\n###\n\n\n\n\nIt will impact HGVs over 3,500kg, in tax classes: standard HGV, trailer HGV, special types, combined transport, and island goods vehicles.\n\nThe new car tax rules will apply for those renewing their VED between July 1, 2026 and June 30, 2027.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nEligible vehicles renewing their VED between these dates will pay a reduced annual rate of just £1.\n\nThe measures were first announced by Chancellor Rachel Reeves last month, \"in recognition of the key role the road haulage sector plays in transporting goods across the UK\".\n\nLabour acknowledged that hauliers had faced a disproportionate exposure to fuel costs amid the conflict in Iran.\n\nThe Chancellor outlined that the typical heavy lorry would save £600, while the biggest vehicles on the road would save a staggering £912.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nShe said: \"I'm keeping taxes down for drivers and businesses - putting money in the pockets of millions of workers and cutting costs for farmers and hauliers.\n\n\"The war in Iran is pushing up fuel prices here at home, but after strong growth at the beginning of the year, I am stepping in to protect people at the pump\n\n\"By protecting households and businesses, we are building a stronger and more secure economy for Britain. That is the right economic plan.\"\n\nThe measures are not expected to have any significant macroeconomic impacts, nor will it have an impact on individuals, households and families.\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * Motorist with genetic eye disorder jailed and stripped of driving licence for life after killing pensioner\n  * Drivers back 'careful and competent' self-driving tech as Labour moves forward with autonomous plans\n  * Motorists risk £2,500 fine for flying England flags ahead of first World Cup game\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nIt is expected to have a positive impact on around 46,000 UK enterprises whose main business is road freight, as well as those that operate HGVs as part of their wider business.\n\nHMRC added: \"One-off costs will include familiarising themselves with the change, which is expected to be negligible.\n\n\"There are not expected to be any continuing costs. Customer experience is expected to remain broadly the same as this measure does not significantly change existing processes.\"\n\nPrime Minister Keir Starmer praised hauliers for working through the cost of living crisis and the impacts of the war in Iran.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nAlongside the VED \"holiday\", Labour confirmed that the 5p cut on fuel duty will be extended for the rest of the year.\n\nIt was previously set to expire in September and be phased out by 1p that month, 2p in December and 2p in March 2027.\n\nSir Starmer said: \"I know many are feeling the pressure of energy and fuel costs, and are worried about how the conflict in Iran will affect their finances. Because when global events drive up prices, it’s working people who feel it first.\n\n\"That's why this Government is stepping in to keep fuel costs down for millions of drivers and putting money back in the pockets of working people.\"\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "Thousands of drivers to benefit from car tax 'holiday' with motorists paying just £1"
}