HGV VED holiday – What we know so far

Following the Government’s announcement of an HGV VED holiday, the RHA is receiving a growing number of enquiries from operators seeking clarification on timings, eligibility and how the scheme will work in practice.

At present, the detail remains limited. However, what we currently understand is:

• The scheme is intended to run from 1 July 2026 to 30 June 2027 and not before.

• During this period, qualifying HGV operators renewing their VED will pay £1 plus the HGV levy (this is not affected by the announcement).

• Operators who have already renewed at the standard rate before this date will benefit, but the saving effectively will be realised at the end of the period.

• The tax classes applicable for the holiday are: TC01 – HGV; TC02 – Trailer HGV; TC16 – Small Islands; TC23 – Combined Transport; TC57 – Special Types.

We continue to engage with DVLA and are awaiting more detailed operational guidance. Once we have this, we will release further information.