Vehicle Excise Tax

Vehicle Excise Tax (VET) is a tax charged by governments on vehicles registered for use on public roads. It is typically based on the vehicle's value, age, or emissions, and is intended to help fund road maintenance and infrastructure. Vehicle owners pay this tax annually or semi-annually, and the amount can vary significantly depending on the vehicle type and local regulations. Essentially, it is a way for authorities to generate revenue from vehicle ownership and usage, contributing to the overall costs associated with transportation and road upkeep.