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Speech in Commons Chamber - Mon 01 Dec 2025
Office for Budget Responsibility Forecasts

"It is very worrying to hear about the repeated attempts to access the statement before it was given, and I wonder why Conservative Members are not a little more concerned, given that the same situation may have affected them. Does my right hon. Friend agree that if a Government left …..."
Antonia Bance - View Speech

View all Antonia Bance (Lab - Tipton and Wednesbury) contributions to the debate on: Office for Budget Responsibility Forecasts
Written Question
Motor Vehicles: Excise Duties
Tuesday 28th October 2025

Asked by: Antonia Bance (Labour - Tipton and Wednesbury)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of charging a 5% surcharge when paying vehicle tax by direct debit on lower income motorists; and whether she has plans to remove this surcharge.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

When Vehicle Excise Duty (VED) is paid monthly or six-monthly, rather than annually, the cost to the exchequer is higher because of lost interest. To reflect this impact on the public finances, the previous government introduced in 2014 an extra charge for monthly and six-monthly VED payments to make up for the lost interest


The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy. The Chancellor makes decisions on tax policy at fiscal events in the context of the public finances.