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Drivers will now face prosecution if they break the limit by 10 percent plus 2mph.
The tolerance limit was previously 10 percent plus 3mph, according to the RAC.
The Metropolitan Police had not directly announced any rule changes to speed tolerance before they came into force.
Because of this, it has been described by some as a “stealth” law change.
READ MORE: Driver fined £60 after breaking newly introduced parking rule
If caught and depending on the speed, drivers will be given an option of taking a speed awareness course.
For drivers who are driving within two years of passing their test, their licence will be revoked if they build up six or more penalty points.
Steve McNamara, general secretary of the Licensed Taxi Drivers’ Association said the change had resulted in “an absolutely massive increase in taxi drivers receiving three, six, nine and 12 points in a three- or four-week period”.
He added that some of those had been driving for 35 years as professional drivers, without a single point on their licence.
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