The Government will consult on extending the period for new cars and motorbikes have their first MoT from the current three years to four years.
The possibility was announced by Chancellor of the Exchequer George Osborne in his first budget as Chancellor in a solely Conservative Government.
While the change in VED rates will mean many new car buyers paying more in 2017 than under the current system, the Government claims that the change from three years to four years before the first MoT is due could save motorists a combined £100 million a year.
The possibility was announced by Chancellor of the Exchequer George Osborne in his first budget as Chancellor in a solely Conservative Government.
While the change in VED rates will mean many new car buyers paying more in 2017 than under the current system, the Government claims that the change from three years to four years before the first MoT is due could save motorists a combined £100 million a year.