I know the classic car exemption was introduced approx 1994/5/6 as a rolling 25 years and later frozen by Labour in 1997 but I cannont find any definitive article saying so. I think Ken Clarke was the Chancellor. Can anyone point me at the details of the original budget item. Thanks
Kenneth Clarke introduced the rolling 25-year 'historic vehicle' VED exemption in his Autumn Budget, 28th November 1995, as enacted by s.18 of the Finance Act 1996.