London Transport (uk.transport.london) Discussion of all forms of transport in London.

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Old June 14th 05, 10:03 PM posted to uk.transport.london,uk.transport
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Default London to Brighton bike ride next week (blatant plug for me!)

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
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Old June 14th 05, 10:21 PM posted to uk.transport.london,uk.transport
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Default London to Brighton bike ride next week (blatant plug for me!)

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.
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Old June 15th 05, 04:33 PM posted to uk.transport.london,uk.transport
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First recorded activity at LondonBanter: Jul 2003
Posts: 67
Default London to Brighton bike ride next week (blatant plug for me!)

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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