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In March of the same year motoring organisations appealed to the Chancellor of the Exchequer to reduce the "disturbingly high cost of motoring" by cutting motoring taxation in the forthcoming budget. Between 1950 and 1961 motoring tax revenue rose from £131 million (£5.67 billion as of 2025) to £730 million (£20.5 billion as of 2025). [12]
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. [43] [44]
For income tax purposes, the remaining schedules were superseded by the Income Tax (Trading and Other Income) Act 2005, which also repealed Schedule F. For corporation tax purposes, the Schedular system was repealed and superseded by the Corporation Tax Acts of 2009 and 2010. The highest rate of income tax peaked in the Second World War at 99.25%.
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The rates of Purchase Tax for various classes of goods at the start of 1973, when it gave way to VAT, were 13%, 22%, 36% and 55%. [6] On 1 January 1973, the UK joined the European Economic Community and as a consequence Purchase Tax was replaced by a value-added tax on 1 April 1973.
Regit, formerly Motoring.co.uk, is an automotive technology firm that provides digital car management services for drivers based on their car's registration plate. It provides drivers with reminders such as MOT, Tax, Insurance and Recalls to keep drivers safe and legal. It also provides car news and content for its 2.5 million drivers.
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In Spain two taxes apply to motor vehicles: The registration tax (impuesto de matriculation) applies at purchase time to the purchase price. 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.