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VED and fuel tax raised approximately £32 billion in 2009, a further £4 billion was raised from the value added tax on fuel purchases. Motoring-related taxes for fiscal year 2011/12, including fuel duties and VED, are estimated to amount to more than £38 billion, representing almost 7% of total UK taxation .
From 2010 a new first year rate is to be introduced – dubbed a showroom tax. This new tax was announced in the 2008 budget, and the level of tax payable will be based on the vehicle excise duty band, ranging from £0 for vehicles in the lower bands, up to £950 for vehicles in the highest band. [40] [41]
It is a national tax and the rate varies from 0% to 14.75% depending on CO 2 emissions. In some cases regions may fix their own rates. The mechanical vehicle circulation tax (Impuesto sobre Vehículos de Tracción Mecánica or IVTM) is an annual tax. The tax is a municipal tax whose rate varies widely across the country.
This table reflects the removal of the 10% starting rate from April 2008, which also saw the 22% income tax rate drop to 20%. From April 2010, the Labour government introduced a 50% income tax rate for those earning more than £150,000. Income threshold for high taxation rate on income was decreased to £32,011 in 2013. [43]
The tax horsepower or taxable horsepower was an early system by which taxation rates for automobiles were reckoned in some European countries such as Britain, Belgium, Germany, France and Italy; some US states like Illinois charged license plate purchase and renewal fees for passenger automobiles based on taxable horsepower.
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Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Heavier vehicles use a distance-based tax rate on all types of roads, called the performance-related heavy vehicle charge [de; fr]. Switzerland only offers a vignette valid for a year (from December of the preceding year to the January of the following year) at CHF 40 (€41.92).