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Motoring taxation in the United Kingdom consists primarily of vehicle excise duty (commonly known as VED, vehicle tax, car tax, and road tax), which is levied on vehicles registered in the UK, and hydrocarbon oil duty (normally referred to as fuel tax), which is levied on the fuel used by motor vehicles. VED and fuel tax raised approximately £ ...
In November 2022, the UK government announced that reduced tax rates for zero-emission vehicles would cease on 1 April 2025, making rates the same as for those with internal combustion engines. The changes affect new and existing vehicles as follows: [14] [15]
The specific exemption for cycle to work schemes under the FCA also only covers orders up to £1000. However, not-for-profit bodies are also specifically exempt from FCA regulation under PERG 2.3.2, regardless of the value of the cycle. Other employers may also be exempt under the 'business test' which is defined in PERG 2.3.3.
In the United Kingdom it is a requirement to pay Vehicle Excise Duty (VED), which is commonly called road tax or vehicle tax, this is paid annually to the government for a vehicle licence. [36] Previously, vehicle licences in the form of paper tax discs were required to be displayed on vehicles, and this licence would remain valid until its ...
UK central government expenditure projection for tax year 2009–2010, according to the 2009 Pre-Budget Report. Certain investments carry a tax favoured status, including: UK Government Bonds (gilts) While all income is taxable, gains are exempt for income tax purposes. National Savings and Investments
In 1962, the first commercial vehicle exam was created and a valid certificate was required in order to receive a tax disc, and in April 1967, the testable age for a MOT was reduced to three years. On 1 January 1983, the testable age for ambulances, taxis and vehicles with more than eight passenger seats (excluding the driver's) was reduced to ...
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The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...