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£1 per litre of fuel
road tax
insurance tax
we must generate a staggering amount of cash ,
has anyone got the stats , how much per day – and where does it all go ??..
ally
Re: huch much does the uk motorist generate in tax ?
What’s up Ally? Have you just recently paid your Self Assessment and want to know who’s gonna get the 1,000’s you’ve coughed up? Most of it will be spent on the other side of the border and doled out in the following areas……..
Re: huch much does the uk motorist generate in tax ?
haha martin .. sore point still paying
no i was meaning how much the motorist generates it must be millions per day on fuel alone
Re: huch much does the uk motorist generate in tax ?
You can find the answer here in part: http://www.guardian.co.uk/news/datablog … eipts-1963
It’s billions over the year, I think about £27 billion so that equates to roughly £7.4 million per day if I have my numbers correct in duty or tax alone.
Obviously that doesn’t include the wider economy surrounding fuel such as taxation on company profits, fuel producers, hauliers, retailers as well as the economy surrounding vehicles and so on. Essentially it is a mammoth beast, more so if you consider it globally.
Fuel is also a strange one in the UK as VAT is charged on fuel duty making it one of the only things that I am aware that you pay a tax, on a tax for.
K.
Re: huch much does the uk motorist generate in tax ?
iadom wrote:Is ‘huch much’ a Scottish term?
Aye! It means they moan a lot aboot money, ooor lack of it. 😉
Re: huch much does the uk motorist generate in tax ?
Hi Martin
You forgot to list how much goes towards MP’S expenses.
Bob
Re: how much does the uk motorist generate in tax ?
7-8 million a day i suppose small change when your running a country , but its a lot of ready cash for the government.
dont get me started on what or who its spent on ..
ive always wondered how much a day was generated ..look how many trucks are on the road …
Re: how much does the uk motorist generate in tax ?
good link ken
heres a good we interactive chart to look at
Re: how much does the uk motorist generate in tax ?
more on fuel costs …http://www.bbc.co.uk/news/science-environment-21635261
Households have cut back on vehicle fuel over the past decade, but not on household gas, according to an analysis by the Office for National Statistics.
no shirt sherlock …. what about the household who have to drive for living …
Re: how much does the uk motorist generate in tax ?
I heard that on Road Fund alone the UK Government raise 9 Bilion PA, not sure it thats true but if it is we should have the best roads anywhere in the world, and still have money left to subsidise UK businesses with Fuel Discounts which would make the UK transport reliant businesses more competitive.
As it is successive Governments use this chest of money to subsidise Benefits paid to people who should not even be here, they have the knack of creating social problems and then use the tool of Tax Revenue to take money form hard working people to try and offset the numbers, I bet if you could ever get the the real figures of what is raised and what is paid out in areas such a housing benefits, Tax Credits, Social Fund Payments, Handouts, Border Security, and the list goes on and on, that none of the figures would create a balance sheet which stacks up, more like a case of revolving credit where all this money is paid in, spent, and more borrowed,
Thats why I do not worry about it as there is nothing we can do, I say look after yourself’s in the best way you can and forget the wider implications of even thinking about what the mindless politicians are doing!
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