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London Transport (uk.transport.london) Discussion of all forms of transport in London. |
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#1
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Adrian wrote:
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. Nope. The VAT on a £5,500 bicycle would be £819, which is (slightly under) five times the £165 VED. My word. You have a calculator. And isn't £165 the top end of the scale? Is that the average paid? John B |
#2
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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. Nope. The VAT on a £5,500 bicycle would be £819, which is (slightly under) five times the £165 VED. My word. You have a calculator. Good job one of us has. And isn't £165 the top end of the scale? Is that the average paid? You said "most people pay", not average - and I would lay odds that "most" VED are top-whack - certainly I would think that "most cars" are larger than 1549cc - although that may have skewed since the introduction of the CO2-based VED. |
#3
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Adrian wrote:
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. Nope. The VAT on a £5,500 bicycle would be £819, which is (slightly under) five times the £165 VED. And isn't £165 the top end of the scale? Is that the average paid? You said "most people pay", not average - and I would lay odds that "most" VED are top-whack - certainly I would think that "most cars" are larger than 1549cc - although that may have skewed since the introduction of the CO2-based VED. I used a band C Petrol car - £105, which I guessed was average as its in the middle of the DVLA table. But even using your top whack £165 I still contributed over three times more in tax than the VED. Which of course goes towards 'the roads'. John B |
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