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<p>In 2017-18, Vehicle Excise Duty (VED) raised a total of around £6.2 billion in
revenue.</p><p> </p><p>VED is collected nationwide and since it is tied to where individuals
choose to register their vehicles, there is no official methodology to identify the
VED collected in any particular region. As such, VED does not lend itself to devolution
as vehicle registrations do not necessarily correlate with either emissions or vehicle
use<em>.</em></p><p> </p><p>VED revenues will be hypothecated to the National Roads
Fund (NRF) in England from 2020-21. The NRF will provide certainty for roads investment,
including in London.</p>
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