March Budget 2016
- Thread starter helpimcrap
- Start date
ah lets see it's another conservative budget so it will be the usual poor people who work their behinds off will get taxed harder than ever while those who on high wage packets will likely get a reduction in the amount they pay.
Tax on fuel is obviously going up, the price is too low for them to make their targets. Wouldn't be surprised to see something extra costs slung on diesel and the emissions 'scandal' being blamed for it even though that should be covered by the car companies not the consumer, but then this is the conservatives after all.
I'm another one who thinks road tax is unbalanced and needs to be reformed so that those of us who rarely use the road pay less than those who are always on it.
Tax on fuel is obviously going up, the price is too low for them to make their targets. Wouldn't be surprised to see something extra costs slung on diesel and the emissions 'scandal' being blamed for it even though that should be covered by the car companies not the consumer, but then this is the conservatives after all.
I'm another one who thinks road tax is unbalanced and needs to be reformed so that those of us who rarely use the road pay less than those who are always on it.
Soldato
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Self employment
This idea is ridiculous, I have quite a few small sole traders on my books and it's hard enough getting their paperwork off them once a year, let alone quarterly. I get the feeling the end game is to have them on monthly returns, so everyone, PAYE, Self Employed etc submit their monthly incomes.
I might just give them up if this gets rolled out
Growl, that's just madness, I suppose one would still be submitting 9 months late, would one? just quarterly nine months late?
I have massive expenses at certain times of the year, moving to quarterly returns would make my income/expenses profit/loss look ludicrous.
Soldato
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There are ways round the tax issue.
Eg they could deem that HGVs are all PAYG but allow anyone to purchase a waiver at the same amount as currently the annual tax is in order to avoid having to account for PAYG.
Eg they could deem that HGVs are all PAYG but allow anyone to purchase a waiver at the same amount as currently the annual tax is in order to avoid having to account for PAYG.
Associate
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Scrapping VED after the first year and putting it on fuel would IMHO work quite well. Drive more, pay more. Drive a gas-guzzler, pay more. Drive a small car infrequently, pay diddly-squat.
It is being overhauled for new cars in 2017, still not the most ideal as the first year cost is obviously bad, but is a step in some sort of right direction. I doubt we'll ever just see it added to fuel, unfortunately.
It already is like that, the more you drive the more you pay for fuel. VED isn't that unbalanced either, the more CO2 polluting vehicles pay more tax.
It's really not balanced - Driver A can pay £200 for his petrol runaround, and only do 4000 miles a year. Driver B can pay £0 for his diesel 'eco' motor, but do 100k of motorway driving a year.
Who contributed more to emissions?
Soldato
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Quite.
Plus it doesn't affect foreign lorries entering the UK with full tanks and using our roads and paying nothing for it.
Or people using red or people using chip oil etc (small proportion of course)
We are seeing a lean back towards road tax, so then next step is to get the people who use them most to pay most. It makes no diff however if its a 535i or a 520d. The class of vehicle is far more relevant.
It is though, as said above a low ved car can do 100,000 miles in a year at say £30 for the year, a high ved which pays several hundred could do just a couple of thousand miles in a year. Who's been more polluting and damaging to the road (this is where road tax is 'supposed' to go).... so like I say the current price per car is unbalanced.
Indeed.
Let's take two scenarios:
Driver A has a BMW 116d which produces 94g/km of CO2. He's a salesman and does 50,000 miles per year.
Driver B is me and has an S2000 which produces 236g/km of CO2. I work in a school and do about 4000 miles per year.
Driver A produces 7.56 tonnes of carbon per year and pays £0 VED
Driver B produces 1.52 tonnes of carbon per year and pays £490 VED
Driver A is by far and away the most polluting but pays nothing.
This is simply untrue: they pay duty every time they top up their car. VED is an additional incentive for buying an efficient car. Had you chosen to buy a car that was as efficient as the salesman's you'd be saving 0.92 tonnes of CO2 a year.
It is true. He pays nothing in VED. What I choose to do has no bearing on how much he pays.
Yes, he has chosen a car that produces less CO2 than I have for a given distance travelled but the fact remains that he pays nothing in VED and yet produces much more carbon.
Now, if they removed VED entirely and just put an extra 5p on fuel, then it becomes a non-issue as everyone is taxed entirely down to how fuel efficient (and consequently how polluting) their car is. The biggest fuel users - be they low-milage, inefficient drivers with big engines or high mileage drivers - pay the most money full stop.
How much extra does he pay in fuel tax?
I assume the reason it isn't all put onto fuel is it would make black market fuel much more interesting.
Yes, he pays nothing in VED. Why are you ignoring the much larger chunk of taxation on fuel usage that comes from taxation levelled on petrol.
For which he pays much more than you in fuel taxes (roughly £2k/year by my crude sums).
But that removes the incentive for lower fuel use users to buy more efficient cars. The current system discourages both you with your wasteful car and the high mileage driver.
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Interesting question: how much would fuel go up if all VED was put into fuel duty?
VED brings in about £5.63 billion. Something like 34.160 billion litres of fuel (petrol + diesel) are sold each year. So the cost of a litre of fuel would have to go up by about 16 pence/litre to bring in the same amount for the treasury after scrapping VED.
Soldato
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Death and taxes. The 2 certainties in life.
The death bit is the fact that we'll all be dead by the time we're pensionable. That's what the gov't wants.
The death bit is the fact that we'll all be dead by the time we're pensionable. That's what the gov't wants.
Caporegime
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Btl mortgage?