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GVED
07.07.2013 18:09

GVED

1) Graduated vehicle excise duty. Reduced rate of VED payable by car owners whose vehicles are considered to be less polluting and therefore more environmentally friendly.

It applies from 1 March 2001 to those vehicles not exceeding 1200 cc, but from 1 July 2001 vehicles up to 1549 cc engine capacity which fall into newly designated ‘emissions bands’ A, B, C and D and depending on the type of engine (eg petrol, diesel or alternative fuel).

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.110 (288 p.)


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