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Duties Vehicle excise duty (VED) and road fuel duty
VED for lorries and motorcycles is frozen, while rates for cars and vans are increased by £5 from 1 May 2003. The annual increases in the main road fuel duties are deferred until 1 October 2003. New rates will be introduced for sulphur free petrol and diesel from 1 September 2004. Reduced rates for Bioethanol used for road fuel will also be introduced from 1 January 2005. Other duties or levies
Rates of insurance premium tax, climate change levy, airport passenger tax and aggregates levy remain unchanged, although anti-avoidance measures are to be introduced against protected cell companies. Landfill tax rates increase by £1 per tonne from 1 April 2003 and similarly from 1 April 2004, and then £3 per tonne from 1 April 2005 and will do so each year to a maximum of £35 per tonne. From 10 April 2003 relief from duty is introduced on all non-residential property transactions in disadvantaged areas. With effect from 1 December 2003 the zero rate band will be increased to £150,000 for all other commercial property transfers and leases, whilst VAT will be excluded from treatment as consideration for a new lease provided the landlord has not opted to tax. Also from 1 December 2003 changes will be made to alternative finance arrangements to avoid double duty. Anti-avoidance measures applicable from 15 April 2003 will affect group and acquisition relief clawbacks, with further measures likely from 1 December 2003 relating to leases or rentals.
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