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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 £ ...
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]
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.
UK income tax and National Insurance charges (2016–17) UK income tax and National Insurance as a percentage of taxable pay, and marginal income tax and NI rate (2016–17) Annual income percentiles for taxpayers in the UK, before and after income tax. In the SVG file, hover over a graph to highlight it.
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 ...
DVLA introduced Electronic Vehicle Licensing in 2004, allowing customers to pay vehicle excise duty online and by telephone. [4] However, customers still have the option to tax their vehicles via the Post Office. A seven-year contract enabling the Post Office to continue to process car tax applications was agreed in November 2012, with the ...
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In the United Kingdom, vehicle excise duty was introduced in 1888, and between 1920 and 1 October 2014 [8] the vehicle licence, colloquially known as a "tax disc", came in the form of a paper disc 75 millimetres (3 inches) in diameter to be displayed on the inside of a vehicle's front windscreen, and was evidence that the necessary vehicle ...