Join us FREE, we're FREE to use
Web's largest swingers site since 2006.
Already registered?
Login here
Back to forum list |
Back to Politics |
Jump to newest |
| |||
Reply privately | Reply in forum | Reply +quote |
"I would be very interested to know how much tax revenue has been lost by the switch to driving electric vehicles, I think the VAT rate is only 5% on electricity let alone all the other duty they place on petrol and diesel" Good question especially as there are viable internal combustion engines coming onto the market that do not polute or use carbon based fuel. | |||
Reply privately | Reply in forum | Reply +quote |
| |||
Reply privately | Reply in forum | Reply +quote |
"Don’t know if this is true but read somewhere that the Sunak/Hunt NIC reduction costed HM Treasury c.£20bn a year. ie it was an uncosted giveaway that accounts for the majority of the black hole. You could make a leap and say that they set a tax trap for Labour who needed to promise not to raise headline taxes like NIC to make themselves electable as now they are scrabbling around to fill the hole." Fill it by sending billions to other countries? | |||
Reply privately | Reply in forum | Reply +quote |
| |||
Reply privately | Reply in forum | Reply +quote |
| |||
Reply privately | Reply in forum | Reply +quote |
"Don’t know if this is true but read somewhere that the Sunak/Hunt NIC reduction costed HM Treasury c.£20bn a year. ie it was an uncosted giveaway that accounts for the majority of the black hole. You could make a leap and say that they set a tax trap for Labour who needed to promise not to raise headline taxes like NIC to make themselves electable as now they are scrabbling around to fill the hole. Fill it by sending billions to other countries?" It depends! Are we investing in other countries to give the UK a long term benefit (ie either access to markets or for security/defence reasons)? | |||
Reply privately | Reply in forum | Reply +quote |
"£9bn a month servicing the exponential national debt, £60bn a year on obesity, treating smoking diseases, drug and alcohol abuse, £15bn on covid corruption, £8bn a year on migrants, £70bn over budget on hs2 etc That reported black hole figure is small beer " But Govt need to balance the books or otherwise resort to more borrowing or tax rises. | |||
Reply privately | Reply in forum | Reply +quote |
| |||
Reply privately | Reply in forum | Reply +quote |
"Does the difference in tax receipts goes towards sponsoring carbon offset measure and carbon credits in some kind of off-balance sheet wizardry? Some boffin in the treasury "So we lose a bit of vat, but heyho, these EV reduce the carbon footprint so let's move the loss in vat/ fuel taxes over to this column and show it as a gain for.the green agenda " What they lose in petrol, perhaps they gain in cost of vehicle? My hybrid was about 10 grand higher than a petrol version. It's doubtful I'll ever recoup that extra cost via the savings at the pump due to extra mpg | |||
Reply privately | Reply in forum | Reply +quote |
"Does the difference in tax receipts goes towards sponsoring carbon offset measure and carbon credits in some kind of off-balance sheet wizardry? Some boffin in the treasury "So we lose a bit of vat, but heyho, these EV reduce the carbon footprint so let's move the loss in vat/ fuel taxes over to this column and show it as a gain for.the green agenda What they lose in petrol, perhaps they gain in cost of vehicle? My hybrid was about 10 grand higher than a petrol version. It's doubtful I'll ever recoup that extra cost via the savings at the pump due to extra mpg" A number of people have access to free electric with solar panels so are paying very little Tax it’s not just vat that is lost it’s also fuel duty plus electric cars require less workers in terms of production or supply chains to keep them running. In simple terms they are very likely to taxed more but it’s a case of how quickly. | |||
Reply privately | Reply in forum | Reply +quote |
| |||
Reply privately | Reply in forum | Reply +quote |
Post new Message to Thread |
back to top |