The Driver and Vehicle Licensing Agency (DVLA) is responsible for the collection of Vehicle Excise Duty (VED) on behalf of HM Treasury. VED is a tax which must be paid for most types of vehicles used (or kept) on public roads in the United Kingdom. VED revenue is paid directly into the Consolidated Fund.
Following an increase in 2022-23, VED and enforcement revenue continued to rise in 2023-24. Revenue was higher than expected, recorded at £7.8 billion in the 2023-24 DVLA Trust Statement, an increase of £0.5 billion (7%) on 2022-23 and £0.2 billion (2%) lower than the Office for Budget Responsibility (OBR)’s March 2024 forecast of £8.0 billion.
DVLA annual report and accounts 2023-24
The C&AG’s Section 2 Report (pages 114-123)
