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 .
Vehicles over 12,000 kg that are not registered in the UK must also pay the HGV levy before entering the UK, although zero-emission vehicles are exempt. Payment can be made on a daily, weekly, monthly or annual basis. The rate ranges from £3 per day (or £150 per year) to £10 per day (or £749 per year). [19]
This table reflects the removal of the 10% starting rate from April 2008, which also saw the 22% income tax rate drop to 20%. From April 2010, the Labour government introduced a 50% income tax rate for those earning more than £150,000. Income threshold for high taxation rate on income was decreased to £32,011 in 2013. [43]
In 2010, the median HGV driver in the UK earned 51 per cent more per hour than the median supermarket cashier, in 2020 the premium was substantially reduced to 27 per cent. Truck drivers experienced a tighter pay squeeze from 2015 to 2021; median hourly pay for truck drivers rose 10 per cent to £11.80, instead of 16 per cent for all UK employees.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
It is a national tax and the rate varies from 0% to 14.75% depending on CO 2 emissions. In some cases regions may fix their own rates. The mechanical vehicle circulation tax (Impuesto sobre Vehículos de Tracción Mecánica or IVTM) is an annual tax. The tax is a municipal tax whose rate varies widely across the country.
Longer Heavier Vehicles in the UK (LHV) is a large goods vehicle category in the United Kingdom.Longer Heavier Vehicles are not currently allowed to operate on UK roads because they exceed the mandated limit of six axles and 44 tonnes (43.3 long tons; 48.5 short tons) of gross weight and length of 16.5 m (54 ft 2 in) for articulated lorries, or 18.75 m (61 ft 6 in) for drawbar lorries.
A large goods vehicle (LGV), or heavy goods vehicle (HGV), in the European Union (EU) is any lorry with a gross combination mass (GCM) of over 3,500 kg (7,700 lb). [1] Sub-category N2 is used for vehicles between 3,500 kg and 12,000 kg (26,000 lb) and N3 for all goods vehicles over 12,000 kg as defined in Directive 2001/116/EC .