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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.
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 .
Tax or fiscal horsepower is a non-linear rating of a motor vehicle for tax purposes. [20] Tax horsepower ratings were originally more or less directly related to the size of the engine; but as of 2000, many countries changed over to systems based on CO 2 emissions, so are not directly comparable to older ratings.
An experimental two-cylinder "10" was made in 1906, after which Standard's next car in that category was a four-cylinder 9.5 tax horsepower built between 1914 and 1919. They returned to the 10 tax horsepower market in 1934; this model was replaced in 1937 by a "Flying Ten" that lasted until the outbreak of World War II.
Road locomotives were subject to a separate 'wetted tax', where the fee was proportional to the size of the wetted area of the steam boiler. In 1907 a major problem associated with roads was the level of dust raised by passing motor vehicles and there was support for a tax of £1 or 10s. per horse-power to pay for improvements to roads to solve ...
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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. The tax is calculated according to the tax horsepower of the vehicle. In Madrid and Barcelona the rates for 2011 ranged from €22 for up to 8 HP to €224 ...
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