Petition to Abolish Car Tax - Finally - Sign It Baby

CatmanV2

CatmanV2

Member
Messages
48,943
rockits said:
LOL

Indeed...often seems to be simple answers we never often seem to take. Wouldn't life & the world be a better place if it were all simpler & easier. We can only dream.

One of my sons friends & his family are moving to Luxembourg in a few weeks.....sounds tempting ;)
Click to expand...

Just following through on my maths, my GT is £515 ish VED per year.
I run (or would) about three tanks a month through. 70l a tank (I don't let it run dry) = 210l per month = 2520l per year.

So at 2009 prices that would cost me 2520 * .9 = £2268 per year
If we did it more fairly: 2520 * 2.1 = £4725 per year.

So I would pay £4725 - £2286 = £2457 as my 'transferred road tax'

Which is a neat *increase* of £2457-£515 = £1942 per year.

Remind me again how this would be fairer?

C
 
CatmanV2

CatmanV2

Member
Messages
48,943
MrMickS said:
On the potholes front its the local council's job to deal with them but they often don't unless someone complains. It does vary from council to council but some can be quite responsive to a complaint, possibly via the local councillor.
.
Click to expand...

Indeed. There is a duty of care but generally no expectation that councils should be aware of every pothole. There are a couple of sites that allow you to register potholes.

C
 
highlander

highlander

Member
Messages
5,236
maybe the road tax question should be put to a referendum, after all, it has worked so well in the past ;)...................one side can promise that no-one will be worse off, in fact most will be better off whilst the other side can predict fire, flood & famine for businesses and banks
 
rockits

rockits

Member
Messages
9,184
CatmanV2 said:
Just following through on my maths, my GT is £515 ish VED per year.
I run (or would) about three tanks a month through. 70l a tank (I don't let it run dry) = 210l per month = 2520l per year.

So at 2009 prices that would cost me 2520 * .9 = £2268 per year
If we did it more fairly: 2520 * 2.1 = £4725 per year.

So I would pay £4725 - £2286 = £2457 as my 'transferred road tax'

Which is a neat *increase* of £2457-£515 = £1942 per year.

Remind me again how this would be fairer?

C
Click to expand...

Not sure I get that one. So more fairly would mean increasing the cost of fuel by over double from 90p per litre to £2.10 per litre? Do I have that right? Seems like a heck of an increase. I am not sure that would be needed would it? Or do I have the calculation wrong?
 
D

dem maser

Moderator
Messages
34,275
I bought my car based on it being £20 a year road tax...if they changed i would be ****** off.....
i do a lot of driving up the M1 to see little one, i get taxed for using the roads, taxed for the fuel, taxed for my insurance i do not want to give up £20 tax to pay say £2 a litre fuel

I see both arguments but it wouldnt help me if they changed it...already petrol is too highly priced
 
CatmanV2

CatmanV2

Member
Messages
48,943
rockits said:
Not sure I get that one. So more fairly would mean increasing the cost of fuel by over double from 90p per litre to £2.10 per litre? Do I have that right? Seems like a heck of an increase. I am not sure that would be needed would it? Or do I have the calculation wrong?
Click to expand...


Well you didn't query it when I posted it up there ^^^^ That's my calculation as to how much petrol would have to go up to pay for the removal of VED :) But re-checking my source, I realise that I have the wrong base figures. I'm not going to have chance to do it again tonight, but will see if I can come up with the right (and yes, rather lower) figure tomorrow

C
 
rockits

rockits

Member
Messages
9,184
I guess this goes to show there are winners and losers as there will always be. I think most are finding there is too much tax.....where is it all going?! The world is a truly expensive beast to keep spinning ;)

I pay
£2k VED pa
£2k car insurance - personal pa
£3-£4k servicing/repairs pa
£300 MOT

Pretty much £23 per day to fund cars even before they have turned a wheel. I really must love cars that much as they don't love my back pocket! There is no depreciation on this either so have left this chunk out of the equation.

Then goodness knows how much PAYE, income tax, corporation tax, VAT etc. so I have no idea where it all goes. I have no idea how I manage to survive and stay in the black to be honest!!
 
CatmanV2

CatmanV2

Member
Messages
48,943
2009 VED = £5.63 Billion pounds.
VAT on fuel = £4b
Average petrol price = £0.9 per litre of which 15p is VAT
So my trusty back of a *** packet indicates that roughly 26 billion litres of fuel were sold.
To raise the same revenue on the same amount of fuel you would have to increase the cost of fuel by £0.21 per litre

(Seems far more reasonable although still political suicide I suspect)
...and my other post:

Just following through on my maths, my GT is £515 ish VED per year.
I run (or would) about three tanks a month through. 70l a tank (I don't let it run dry) = 210l per month = 2520l per year.

So at 2009 prices that would cost me 2520 * .9 = £2268 per year
If we did it more fairly: 2520 * 1.11 = £2797 per year.

So I would pay £2797 - £2286 = £529 as my 'transferred road tax'

So I can retract my comment that it would be less fair *to me* :)

I can run some maths on a 'normal' user as well

C
 
highlander

highlander

Member
Messages
5,236
i've been joking all the way through this thread but are we really thinking on a V8 forum like this that increasing petrol prices is the right thing to do? so just where does a 2-2.5% hike in petrol price take me for example?
ok, my alfa smoker GT is £210 a year with an average of 12k and a reasonable mpg of 55mpg, expected fuel priced at around 1.15 ltr averaged over next year that still works out at £210-265 additional, somewhere between a gain of £10 to a lose of £55.
even better, 5k on the 16mpg 3200 over the summer works out at £320-375 at 2-2.5% :(, averaged fuel price 1.20...........given I only tax marci for 6 months of the year that is more than double what I pay just now.
 
rockits

rockits

Member
Messages
9,184
Seems about £6.1bn raised in VED last year compared to £26.9bn from fuel duty. In a very crass basic form if you abolished VED you would need to increase fuel duty by 23% to equalise things. If you say you would save £1bn from abolishing VED then that has to be better.

There are much more complex calculations that can be made and statistics can be massaged various ways. Either way we won't need to double fuel prices. Maybe 30% would cover it as ONLY 57.95p per litre is duty. With 20% VAT on top of this as well the actual fuel element as we all know is very very small.

If we work back from 110p per litre we have 18.33p of VAT, then 57.95p duty thus leaving about 33.72p of actual fuel cost. I think the govt get enough tax of 76.28p out of 110p per litre!

Where does it all go?
 
daverichardson

daverichardson

Member
Messages
6,001
That is why there is war on welfare.
If pensions or NHS were attacked then it is goodbye to the incumbent in No.10
 
Wack61

Wack61

Member
Messages
8,816
Education is 7% but government is 2% , that seems very high , you'd think government would be 0.2% given how many people are in education from age 4 to 18
 
You must log in or register to reply here.