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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]
Taxation in the United Kingdom; UK Government Departments; HM Treasury; HM Revenue and Customs; UK Government; VAT; Income tax. PAYE; National Insurance; Health and Social Care Levy (proposal abolished) Corporation tax; Capital gains tax; Motoring taxes; Inheritance tax; Stamp Duty; Stamp Duty Reserve Tax; Stamp Duty Land Tax; Annual Tax on ...
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A Self Assessment (SA100) tax return. In the United Kingdom, a tax return is a document that must be filed with HM Revenue & Customs declaring liability for taxation. Different bodies must file different returns with respect to various forms of taxation. The main returns currently in use are: SA100 for individuals paying income tax; SA800 for ...
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. Income tax is the single largest source ...
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The single vehicle approval is a test introduced in 1998 by the British government to determine the road worthiness of a vehicle not type approved within the UK, on a one off basis. Typically used by ' kit cars ', very low volume production vehicles, and personally imported cars, allowing these cars to be used legally on the roads for a ...