Search results
Results From The WOW.Com Content Network
VED and fuel tax raised approximately £32 billion in 2009, a further £4 billion was raised from the value added tax on fuel purchases. Motoring-related taxes for fiscal year 2011/12, including fuel duties and VED, are estimated to amount to more than £38 billion, representing almost 7% of total UK taxation .
This aspect of UK motor insurance is the only one that purports to cover the driving of a vehicle, not use. On 1 March 2011, the European Court of Justice in Luxembourg ruled that gender could no longer be used by insurers to set car insurance premiums.
A non-domiciled UK resident earning less than £2,000 in a year outside the UK does not pay tax on this unless it is transferred to the UK. This would apply to the typical person taking up a temporary job in the UK, being paid, and paying tax on it, in the UK, with possible additional small earnings in the home country.
Certain codes are included on driving licences to indicate restrictions on use. These codes are listed on the back of the card under the column headed "12. Codes" and are listed for each category that is licensed. As long as the UK remained within the EU, the codes 1–99 were the same as in the rest of the EU, harmonized by Directive 2006/126/EC.
Driving without insurance may seem like an easy way to save money, but the consequences can be serious. Even if you are not at fault in an accident, driving without insurance can lead to financial ...
The agency issues driving licences, organises collection of vehicle excise duty (also known as road tax [2] and road fund licence) and sells personalised registrations. The DVLA is an executive agency of the Department for Transport. The current Chief Executive of the agency is Julie (Karen) Lennard. [3]
You may not be eligible for the lowest premium because driving without insurance puts you in a higher-risk category. On average, drivers with a lapse in coverage pay $2,705 per year for full ...
The UK government introduced the Insurance Premium Tax to raise revenue from the insurance sector, which was viewed as being under-taxed, and not subject to Value Added Tax. [2] The main EU legislation regarding VAT (Council Directive 2006/112/EC) states that insurance and reinsurance transactions, including related services performed by ...