Sponsored

UK Road Tax on EVs coming?

f1eng

Well-Known Member
First Name
Frank
Joined
Aug 19, 2021
Threads
48
Messages
4,765
Reaction score
8,335
Location
Oxfordshire, UK
Vehicles
Taycan CT4S, Ferrari 355, Merc 500E, Prius PHV
Country flag
Any increase in BiK is more concerning. When it hits 10-12% company car salary sacrifice ceases to be tax efficient for me and a cost.
Those of us paying money for cars over the last 50 years have little sympathy for the end of tax breaks we have never had benefit from ;)
Sponsored

 

f1eng

Well-Known Member
First Name
Frank
Joined
Aug 19, 2021
Threads
48
Messages
4,765
Reaction score
8,335
Location
Oxfordshire, UK
Vehicles
Taycan CT4S, Ferrari 355, Merc 500E, Prius PHV
Country flag
But it's helping save the planet ?!
Ha-ha!

I didn't choose electric to save myself some money, though I would have availed myself of any saving on offer, £0 car tax on one of the Plug-in Priuses was most satisfactory but they stopped doing it when so many company car beneficiaries chose the car for the low emission tax break but never plugged it in.

Mind you the whole "save the planet" thing is a misnomer. The planet will be fine, it doesn't give a sh1t what species are living on it and if we extinct ourselves some other species' will thrive just as happened post-dinosaur.
The byline sould be "save our own sorry arses" :)

Sorry to be serious at this time of day.
 

TaycanHero

Well-Known Member
Joined
Feb 11, 2022
Threads
14
Messages
984
Reaction score
911
Location
United Kingdom
Vehicles
Porsche Taycan GTS Sport Turismo (2023)
Country flag
I was expecting divi tax to increase to 10% before it was even kited in the media.

I'm also expecting the small profits taper to be abandoned as well.

All this means is my business expenses will move into greyer areas...

The thing that will really hurt company car purchases is a large increase in BIK. If that happens, expect even more order cancellations.

The plus side is you'll get your car much sooner. The negative is you're a lot poorer for it if that's your situation.

I'm looking at offshoring my business. Not easy, of course. But if that happens I won't be in the UK long enough each year to use my Taycan...

Which means this tax raid by the puppets in government cancels my Taycan order.

2023 deliveries will take 6 months flat at this rate.
 

f1eng

Well-Known Member
First Name
Frank
Joined
Aug 19, 2021
Threads
48
Messages
4,765
Reaction score
8,335
Location
Oxfordshire, UK
Vehicles
Taycan CT4S, Ferrari 355, Merc 500E, Prius PHV
Country flag
I'm looking at offshoring my business. Not easy, of course.
It wasn't possible with mine.
The drivers all move to Monaco, bar a few who do a deal with a Swiss canton like Jackie Stewart and Michael Schumacher.
Most of us had to spend too much time in the UK to fit the criteria.
Mind you in general I want the things that my tax pays for to work.
 


Deleted member 7514

Guest
I’m happy to pay £100 a year for road tax if this is re-invested on roads or infrastructure. What is annoying is that road tax and fuel duty mostly go towards paying for other things So i see it as an unfair tax on motorists.
 

TaycanHero

Well-Known Member
Joined
Feb 11, 2022
Threads
14
Messages
984
Reaction score
911
Location
United Kingdom
Vehicles
Porsche Taycan GTS Sport Turismo (2023)
Country flag
It wasn't possible with mine.
The drivers all move to Monaco, bar a few who do a deal with a Swiss canton like Jackie Stewart and Michael Schumacher.
Most of us had to spend too much time in the UK to fit the criteria.
Mind you in general I want the things that my tax pays for to work.
Therein lies the problem: if our tax money was put to good use, I and many others wouldn't mind paying it.

Incidentally, they wouldn't need to tax as much either.

So all I can do is avoid it.

Much of major taxation didn't exist until recently. Income tax didn't exist before 1913. It was never rescinded despite being "temporary" (to fund a war).

Corporation tax before 1965.

Taxation shouldn't even be a concept with QE to infinity now being global central bank policy.

It seems to be used as a punishment and to keep the economically illiterate happy that "rich people" and businesses (the <£250k chicken feed earners) are "paying their dues" for nothing more than politics.

The super wealthy elite/big business pay nothing, but the news keeps the attention from them.
 


kempez

Well-Known Member
First Name
Matt
Joined
Mar 24, 2022
Threads
26
Messages
935
Reaction score
1,059
Location
Hampshire, UK
Vehicles
Hyundai Ionic 5N, Renault R5 electric, 911 997.1 C2 Manual
Country flag
Therein lies the problem: if our tax money was put to good use, I and many others wouldn't mind paying it.

Incidentally, they wouldn't need to tax as much either.

So all I can do is avoid it.

Much of major taxation didn't exist until recently. Income tax didn't exist before 1913. It was never rescinded despite being "temporary" (to fund a war).

Corporation tax before 1965.

Taxation shouldn't even be a concept with QE to infinity now being global central bank policy.

It seems to be used as a punishment and to keep the economically illiterate happy that "rich people" and businesses (the <£250k chicken feed earners) are "paying their dues" for nothing more than politics.

The super wealthy elite/big business pay nothing, but the news keeps the attention from them.
Spot on, albeit I think the BIK incentives are a good thing and given the s***-show of tax increases and BS we have to put up with as business owners nowadays, they seem like they are fair and also of a 'time'. I also will add that those who have managed to own a home at a cost reasonable to their wages is also a similar kind of thing, given those homes are now worth silly money. But I honestly am only saying this with a wink and a nod because really it's all BS.

Agree on the tax. Lower the taxes to a low level, make every single company pay them and you'd earn a lot more tax. Stop taxing low wages, stop the rest of the ridiculous rubbish that goes on in Whitehall and get back to governing the country in the interests of the people that live in the country, not just a well heeled few. And admit that taxes are basically a way to ensure people live in fear and keep the rich, richer

Back to the original point. I think it was inevitable to add tax, but it really should be a wider view on your carbon consumption. It would also be nice to see some actual attempt to clean up the human races habits, but just will not happen because: profit.

As you say: we'll be a blink of the earth's eye and will work our way out of existence at some point, which is a very small dot of time relative to the timeline of the planet.

A bit deep for a Monday for me. I need to have a lie down, expect y'know...work ;)
 

f1eng

Well-Known Member
First Name
Frank
Joined
Aug 19, 2021
Threads
48
Messages
4,765
Reaction score
8,335
Location
Oxfordshire, UK
Vehicles
Taycan CT4S, Ferrari 355, Merc 500E, Prius PHV
Country flag
They'll be taxed as well next?
They are already, in effect.
My Merc costs around £4 per mile in car tax last time I used it because the tax level is set by engine size not fuel usage.
It pissed me off so much I leave it on SORN most of the time but have to pay car tax to transfer its, apparently valuable, cherished number plate.
 

whitex

Well-Known Member
Joined
Jul 30, 2021
Threads
87
Messages
8,218
Reaction score
7,253
Location
WA, USA
Vehicles
2023 Taycan TCT, 2024 Q8 eTron P+
Country flag
I can eventually see it being charged per mile for all vehicles using satnav/black box tech.
Many privacy issues with the government suddenly getting access to all your location history. This is a primary issue why my state in the US did not manage to tax cars per mile driven. They already tax EV's for an equivalent gas tax for an average ICE car driving of 12,000 miles per year (though they sneaked that in by adding a $10 a year EV tax on a ballot, then increasing it the following year to full value as they do not need voter approval to increase taxes, only to add taxes). I personally agree with the privacy issues using trackers btw, even though I believe mileage based taxes for all cars would be fair IMO (perhaps also based on car weight). Then again, after the local activists decided EV's are rich people's toys, they actually proposed a $0.25 per mile EV only tax, which luckily didn't pass as they had no way to enforce. Should it ever pass, adjusted for inflation, it will make it worth while to drive ICE cars again and I might have to sell my Taycan to some other state which doesn't penalize EV's, then get me a 1000hp+ ICE. Our Department Of Transportation already stated years ago what Washington state is one of the cleanest air states, therefore we have no pollution problem, making EV's a solution without a problem for Washington state (this was in response to why they don't want to incentivize EV's by granting them HOV lane access like in other states).
 

Fish Fingers

Well-Known Member
Joined
Feb 20, 2021
Threads
50
Messages
2,534
Reaction score
3,285
Location
UK
Vehicles
Sold
Country flag
Many privacy issues with the government suddenly getting access to all your location history. This is a primary issue why my state in the US did not manage to tax cars per mile driven. They already tax EV's for an equivalent gas tax for an average ICE car driving of 12,000 miles per year (though they sneaked that in by adding a $10 a year EV tax on a ballot, then increasing it the following year to full value as they do not need voter approval to increase taxes, only to add taxes). I personally agree with the privacy issues using trackers btw, even though I believe mileage based taxes for all cars would be fair IMO (perhaps also based on car weight). Then again, after the local activists decided EV's are rich people's toys, they actually proposed a $0.25 per mile EV only tax, which luckily didn't pass as they had no way to enforce. Should it ever pass, adjusted for inflation, it will make it worth while to drive ICE cars again and I might have to sell my Taycan to some other state which doesn't penalize EV's, then get me a 1000hp+ ICE. Our Department Of Transportation already stated years ago what Washington state is one of the cleanest air states, therefore we have no pollution problem, making EV's a solution without a problem for Washington state (this was in response to why they don't want to incentivize EV's by granting them HOV lane access like in other states).
Interesting.

Seems that Governments and politicians are the same the world over.

I used to wonder who would actually want to become a politician and why?

I was hoping it would be because they want to do something positive for society......
but came to the conclusion that most just like the power.

In the same way that I really don't understand who would want to be a Sunday League football referee (all that abuse from players and fans from both sides for no payment on your Sunday morning off?!?!).
I think they just get off on the power / authority.
 

TaycanHero

Well-Known Member
Joined
Feb 11, 2022
Threads
14
Messages
984
Reaction score
911
Location
United Kingdom
Vehicles
Porsche Taycan GTS Sport Turismo (2023)
Country flag
Spot on, albeit I think the BIK incentives are a good thing and given the s***-show of tax increases and BS we have to put up with as business owners nowadays, they seem like they are fair and also of a 'time'. I also will add that those who have managed to own a home at a cost reasonable to their wages is also a similar kind of thing, given those homes are now worth silly money. But I honestly am only saying this with a wink and a nod because really it's all BS.

Agree on the tax. Lower the taxes to a low level, make every single company pay them and you'd earn a lot more tax. Stop taxing low wages, stop the rest of the ridiculous rubbish that goes on in Whitehall and get back to governing the country in the interests of the people that live in the country, not just a well heeled few. And admit that taxes are basically a way to ensure people live in fear and keep the rich, richer

Back to the original point. I think it was inevitable to add tax, but it really should be a wider view on your carbon consumption. It would also be nice to see some actual attempt to clean up the human races habits, but just will not happen because: profit.

As you say: we'll be a blink of the earth's eye and will work our way out of existence at some point, which is a very small dot of time relative to the timeline of the planet.

A bit deep for a Monday for me. I need to have a lie down, expect y'know...work ;)
Agree. Imagine the tax receipts and boom to the economy if corp tax was 10%, income tax 10% and VAT 10%.

As one thing, I'd have spent at least a few hundred thousand pounds more on things I actually need these past few years AND paid more tax.

Instead, that cash has sat in a bank account doing nothing because I'm not paying extortionate tax on it.

Tax receipts = lower.

Agree that humanity is doomed to continue destroying this planet in the pursuit of money and power.

The West's obsession with co2 over actual pollutants that the planet struggles to deal with (physical, gas, radioactive, toxic) is another reason why Earth will get "dirtier".

Where's the investment in biodegradable everything?

The whole green agenda is backwards and for the most part is yet again an exercise in consolidating money and power. Co2 increases as a direct result of a growing population, so the only real solution if it must be reduced is termination.

Anyway, I digress.

Back to Taycan/EV chat!
 

Fish Fingers

Well-Known Member
Joined
Feb 20, 2021
Threads
50
Messages
2,534
Reaction score
3,285
Location
UK
Vehicles
Sold
Country flag
Agree that humanity is doomed to continue destroying this planet in the pursuit of money and power.

The West's obsession with co2 over actual pollutants that the planet struggles to deal with (physical, gas, radioactive, toxic) is another reason why Earth will get "dirtier".

Where's the investment in biodegradable everything?

The whole green agenda is backwards and for the most part is yet again an exercise in consolidating money and power. Co2 increases as a direct result of a growing population, so the only real solution if it must be reduced is termination.

Anyway, I digress.

Back to Taycan/EV chat!
Thats the real problem, population growth.

Too many people for this small planet and human population is growing ever more quickly.....

*200,000 years to reach 1bn.

*Next 200 years to reach 7bn.

*UN predicts 2050 population of 9.7bn

*and 11bn by 2100

Its not sustainable.
 

Gwaihir

Well-Known Member
First Name
Ken
Joined
Jan 19, 2020
Threads
22
Messages
398
Reaction score
302
Location
UK
Vehicles
Taycan GTS ST
Country flag
I thought road tax and fuel duty was only about getting money to build and repair our roads? Things are looking like they could need a little more. . . .
Sponsored

 
 








Top