Vehicle Excise Duty is more commonly known as tax. It is essentially the road tax that must be paid annually to the Treasury for the use of the country’s road network. Please also see Road Fund License.
Voluntary Termination or VT allows you the right to terminate the agreement (and return it to us) after 50% of the total amount payable has been paid on regulated agreements and 80% on unregulated. It is available on Solutions, Hire Purchase and Lease Purchase contracts.