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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 .
From 2010 a new first year rate is to be introduced – dubbed a showroom tax. This new tax was announced in the 2008 budget, and the level of tax payable will be based on the vehicle excise duty band, ranging from £0 for vehicles in the lower bands, up to £950 for vehicles in the highest band. [40] [41]
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]
UK income tax and National Insurance charges (2016–17) UK income tax and National Insurance as a percentage of taxable pay, and marginal income tax and NI rate (2016–17) Annual income percentiles for taxpayers in the UK, before and after income tax. In the SVG file, hover over a graph to highlight it.
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British roads are limited for most vehicles by the National Speed Limit.Road signs in the UK use imperial units, so speed limits are posted in miles per hour.Speed limits are the maximum speed at which certain drivers may legally drive on a road rather than a defined appropriate speed, and in some cases the nature of a road may dictate that one should drive significantly more slowly than the ...
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