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Drivers in the UK should brace themselves for four significant driving regulations set to commence in May. Adjustments to Value Added Tax (VAT) on petrol and diesel costs will impact drivers beginning next month, ahead of new Heavy Goods Vehicle (HGV) permit guidelines. Furthermore, alterations to parking fees and a critical car finance report from the Financial Conduct Authority (FCA) may also influence road users.
Upcoming Driving Regulation Changes
Fuel Price Adjustments – May 1
The HM Revenue and Customs (HMRC) has released updated VAT fuel scale charges, effective immediately. These charges are applied on VAT returns to cover private mileage when using company cars or business vehicles.
- Vehicles emitting 125g/km of CO2will incur a £990 charge annually.
- The most environmentally damaging cars will face a maximum annual charge of £2,314.
New HGV Safety Permit-Scheme – May 4
From May 4, operators of HGVs in London will need to secure a safety permit that meets specific standards before they can legally drive. This initiative is part of a broader effort to enhance road safety.
Under the new Direct Vision Standard (DVS) and HGV Safety Permit Scheme, owners must equip their vehicles with:
- Advanced safety technology, including camera monitoring systems
- Blind spot information systems
Failure to comply with these regulations will result in penalties and potential removal from the roads.
Parking Fee Modifications – May 26
Cheshire East Council has revealed that updated parking fees will take effect at the end of May, impacting local drivers.
What Drivers Need to Know
- Extended parking hours: Fees will now apply from 8 am to 10 pm.
- Weekend charges: Parking fees will be enforced on Sundays.
- Increased costs: Some parking charges and permits will see a rise.
Financial Conduct Authority (FCA) Car Finance Report
The Financial Conduct Authority (FCA) is expected to release a comprehensive report on car finance, which could have implications for drivers seeking financing options. This report aims to ensure transparency and fairness in the car finance market, potentially influencing lending practices and consumer choices, nationwide.