Vehicle Excise duty to be paid on electric cars after April 2025. So much for being based on emissions.
Frozen tax allowances until 2028 and reduced 45% threshold to 125k. Various changes re inheritance tax, dividends etc. Increased windfall taxes.
not exactly what some were expecting. all rather flat.
Quite right though, they use the roads just as much as other cars. On the basis that ICE cars will be phased out the income from vehicle duty has to come from somewhere.
was a funnier line than the laboured joke on pick pockets
I'm in retail and employ a lot of summer staff, when I can get them. All on minimum wage and to be honest, the amount of work they do they aren't even worth that. But before you shout at me, I've a 14 YO on £5 an hour because she's worth it and 18 YO's on £9.50 otherwise they say it's not worth getting out of bed, which some don't do anyway.
I'm ok with that ... as long as VED on fossil fuel burners goes up as well - by more than what they ask for from zero emissions cars. And restore the link to how clean / filthy the emissions from the vehicle are.
With at least £5bn in job retention scheme fraud alone, I would argue that whatever they based the risk on was shit! It was incompetence.
www.cityam.com
isn't it help to pay energy bills?
Is it? How is it paid? If it goes to the energy company it’ll be okay. If it goes into people’s personal accounts, it’ll get spunked up the wall.
its inevitable, there's a £35bn hole to backfill from ICE and fuel duty as we move away. ICE do have an implicit emissions tax, fuel duty, the more inefficent the car more you pay.
There are emissions cleanliness tests in MOTs already !
With at least £5bn in job retention scheme fraud alone, I would argue that whatever they based the risk on was shit! It was incompetence.
On SEISS, there was no requirement (in the first two tranches) for the SE to have lost a single days work through covid in order to claim. That was incompetence too. Not fraud because the way the scheme was drafted and the lack of any kind of thought meant that the claims were perfectly lawful. Estimated that bounceback loan fraud will easily exceed £1bn.
An HMRC unit set up to tackle Covid fraud is set to leave £3.3bn outstanding when it winds down in March 2023, campaigners have warned.
The Taxpayer Protection Taskforce, which was set up by Chancellor Rishi Sunak in March 2021, will be phased out, despite having collected less than 25 per cent of the money lost through misallocation of Covid funds.
HMRC's Covid fraud taskforce to leave billions unaccounted for - City AM
An HMRC unit set up to tackle Covid fraud is set to leave £3.3bn outstanding when it winds down in March 2023, campaigners have warned. The Taxpayer An HMRC unit set up to tackle Covid fraud is set to leave £3.3bn outstanding when it winds down in March 2023, campaigners have warned.
