How will the SHOCK new car UK TAX rules affect you?

Stormbitch · 04-30-2016, 01:14 PM

950% Increase on vehicle exist duty?

Be keen to know your comments or ideas via the YT comments or here.

Sassicaia · 04-30-2016, 02:00 PM

kind of a board forum for such a limited regional issue no?

Stormbitch · 05-06-2016, 04:44 PM

Good point sorry dude I have I think moved it.

The Wind Breezes · 05-06-2016, 04:56 PM

Thank god I live in your former colony. Much cheaper out here.

Stormbitch · 05-06-2016, 04:56 PM

hahaha former

05-07-2016, 02:36 AM

What shock? - more internet outrage? more YT views?

This was announced IIRC well over a year ago in one of the budgets.
Only applies to new cars over £40K.

meh... next.

Chills · 05-07-2016, 03:14 AM

I've always thought they should scrap VED altogether and just tax fuel (even) more. Then people who do more miles and/or have big thirsty engines pay more tax and the peeps with small engines or doing very few miles, pay less. Surely that is fair? Then they just keep adjusting the fuel tax rate up and down to maintain the revenue needed to finally sort our terrible road network.

Shazz · 05-07-2016, 04:19 AM

Imo, it will just be absorbed into the total price of the car.. I don't think it will put off anyone who wants and can afford to run an M.

Stormbitch · 05-17-2016, 08:19 PM

Some nice points!

StatenEye · 05-17-2016, 09:49 PM

So this is not sales tax, this is just registration fees? You guys pay 20% sales tax on vehicles correct? Then1600 to register a car, lets say 55k M4, over the first 6 years? Yikes.

Blackraven · 05-17-2016, 11:40 PM

More taxes to improve roads? We'll see......but I'm skeptical

Heck, even with all the road taxes, the UK government still can't do something about the M25 (which is the most congested roadway system in all of Europe)

Stormbitch · 05-18-2016, 05:39 AM

And thanks for commenting also on YT as it helps more people see it Black.

There is a sales tax of 20% yes but that is the same as you
Plus a first year fee
Plus a fee every year 2-6
Then it reverts back to smaller fee.

Meaning... this is going to make major issue to the sales and used car sales.

fecurtis · 05-18-2016, 01:09 PM

Quote:

Originally Posted by The Wind Breezes

Thank god I live in your former colony. Much cheaper out here.

Pffft, Texas was never one of the OG colonies.

But yeah agreed.

Stormbitch · 06-08-2016, 08:29 AM

Guess this was probably too UK ish...

04-30-2016, 01:14 PM	#1
Stormbitch Lieutenant 352 Rep 500 Posts Drives: G11 Join Date: Jan 2011 Location: London iTrader: (0)	How will the SHOCK new car UK TAX rules affect you? 950% Increase on vehicle exist duty? Be keen to know your comments or ideas via the YT comments or here.
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04-30-2016, 02:00 PM	#2
Sassicaia Brigadier General 4462 Rep 3,308 Posts Drives: SMB F80 6MT Join Date: Apr 2015 Location: Vancouver, Canada iTrader: (0)	kind of a board forum for such a limited regional issue no?
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05-06-2016, 04:44 PM	#3
Stormbitch Lieutenant 352 Rep 500 Posts Drives: G11 Join Date: Jan 2011 Location: London iTrader: (0)	Good point sorry dude I have I think moved it.
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05-06-2016, 04:56 PM	#4
The Wind Breezes Lieutenant Colonel 919 Rep 1,848 Posts Drives: 135i N55 DCT Join Date: Apr 2015 Location: USA iTrader: (0)	Thank god I live in your former colony. Much cheaper out here.
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05-06-2016, 04:56 PM	#5
Stormbitch Lieutenant 352 Rep 500 Posts Drives: G11 Join Date: Jan 2011 Location: London iTrader: (0)	hahaha former
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05-07-2016, 02:36 AM	#6
jsdh89j9ijkL Guest 0 Rep n/a Posts Drives:	What shock? - more internet outrage? more YT views? This was announced IIRC well over a year ago in one of the budgets. Only applies to new cars over £40K. meh... next.
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05-07-2016, 03:14 AM	#7
Chills Private 26 Rep 50 Posts Drives: LBB M2 DCT Join Date: Oct 2014 Location: United Kingdom iTrader: (0)	I've always thought they should scrap VED altogether and just tax fuel (even) more. Then people who do more miles and/or have big thirsty engines pay more tax and the peeps with small engines or doing very few miles, pay less. Surely that is fair? Then they just keep adjusting the fuel tax rate up and down to maintain the revenue needed to finally sort our terrible road network.
	Appreciate 0 Quote

05-07-2016, 04:19 AM	#8
Shazz Private 34 Rep 92 Posts Drives: E92 M3 Join Date: Jul 2015 Location: SW London iTrader: (0)	Imo, it will just be absorbed into the total price of the car.. I don't think it will put off anyone who wants and can afford to run an M.
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05-17-2016, 08:19 PM	#9
Stormbitch Lieutenant 352 Rep 500 Posts Drives: G11 Join Date: Jan 2011 Location: London iTrader: (0)	Some nice points!
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05-17-2016, 09:49 PM	#10
StatenEye Banned 550 Rep 2,821 Posts Drives: X5M F85 Join Date: Aug 2008 Location: SI NY iTrader: (4) Garage List 2016 BMW X5M [0.00] 2011 BMW X5M [9.00]	So this is not sales tax, this is just registration fees? You guys pay 20% sales tax on vehicles correct? Then1600 to register a car, lets say 55k M4, over the first 6 years? Yikes.
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05-17-2016, 11:40 PM	#11
Blackraven Captain 216 Rep 654 Posts Drives: Toyota Corolla ALTIS Join Date: Jun 2014 Location: Philippines iTrader: (0)	More taxes to improve roads? We'll see......but I'm skeptical Heck, even with all the road taxes, the UK government still can't do something about the M25 (which is the most congested roadway system in all of Europe)
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05-18-2016, 05:39 AM	#12
Stormbitch Lieutenant 352 Rep 500 Posts Drives: G11 Join Date: Jan 2011 Location: London iTrader: (0)	And thanks for commenting also on YT as it helps more people see it Black. There is a sales tax of 20% yes but that is the same as you Plus a first year fee Plus a fee every year 2-6 Then it reverts back to smaller fee. Meaning... this is going to make major issue to the sales and used car sales.
	Appreciate 0 Quote

06-08-2016, 08:29 AM	#14
Stormbitch Lieutenant 352 Rep 500 Posts Drives: G11 Join Date: Jan 2011 Location: London iTrader: (0)	Guess this was probably too UK ish...
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