New shareholder

[TheRefactornator]

The VED changes are viewed by some (mostly truckers and perhaps some of the McClaren / Ascari owners on here) as a retrospective tax because they bought the vehicle n years ago and have no choice now about the taxation level on it...it's hardly the same as a retrospective act that attempts to enforce back payment of tax like BN66.

[expat]

The VED changes are viewed by some (mostly truckers and perhaps some of the McClaren / Ascari owners on here) as a retrospective tax because they bought the vehicle n years ago and have no choice now about the taxation level on it...it's hardly the same as a retrospective act that attempts to enforce back payment of tax like BN66.

and of course as soon as the VED changes were announced, the vehicles most hit suddly dropped in resale value. The tax changes may be mir and not technically retrospective, the direct effects are.