Motorsport federation welcomes the Budget

The Malta Motorsport Federation has welcomed various measures announced in the Budget yesterday.

The federation said it particularly welcomed the introduction of the ‘V plate’, a special plate for classic, vintage and historic vehicles (cars, bikes and trucks) – a system which was of great importance to vehicle collectors.

Also welcome was the reduction to 0% of the tax rate for the importation of motor racing vehicles to be used in approved tracks only (not for normal road use).

Both items mean a reduction of expenses and great assistance to motorsport enthusiasts, the federation said.