London to Brighton bike ride next week (blatant plug for me!)
"Adrian" wrote in message
. 244.170...
JohnB ) gurgled happily, sounding much like they were
saying :
But then the last cycle I bought contributed around five times more
in tax to the country's coffers than most people pay in VED :-(
Eh? You spent FIVE AND A HALF GRAND ON A BICYCLE?
Nope.
puzzled
But you said you did.
The VAT on a £5,500 bicycle would be £819, which is (slightly under) five
times the £165 VED.
So he is assuming he is running a car for five years? hence five lots of
VED?
After all, you only pay the VAT on a bike once.
Same as you only pay the VAT on a car once .,..... and a lot more than that
on a pushbike .....
--
IanH
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