37 replies to this topic

[Cooperman]

What would the country and the gov't gain by reducing the tax revenue in this way and thus needing to retrieve that loss from other taxpayers? Personally I would gain as one of my Minis is a 1973 and not exempt, but I don't expect it to happen and, in reality, it should not with the current increases in the tax burden in other areas. Classic cars are really a luxury.

Edited by Cooperman, 25 November 2011 - 05:28 PM.

[mab01uk]

Won't happen at least in the near future for reasons stated................however not everyone is equal, it should be remembered that the government are still considering the abolition of the 50p income tax rate for high earners when millions of people on ordinary incomes are struggling to make ends meet....
http://www.bbc.co.uk...siness-14810323

Edited by mab01uk, 25 November 2011 - 06:11 PM.

[markxe]

That petition is like a broken pencil, pointless.
Having watched the fuel duty petition debate ( yes I know I'm sad) the chances of a rolling road tax is a complete non starter and if it did happen they would only raise tax on something else.

Much as we like to believe we live in a democracy ( This government was elected by whom)
We dont.

[AVV IT]

Oh & let's not forget the downsides of historic vehicle tax exemption either. For the classic mini scene it has fuelled "ringing" and vehicle identity fraud, it's also lead to a surge in the illegal trade in V5's, all for the sake of saving a few of us a £100 or so a year!!

[Cooperman]

Won't happen at least in the near future for reasons stated................however not everyone is equal, it should be remembered that the government are still considering the abolition of the 50p income tax rate for high earners when millions of people on ordinary incomes are struggling to make ends meet....
http://www.bbc.co.uk...siness-14810323

I can remember when the top rate of tax was over 80%. When it was reduced to 40% the actual tax paid by top earners actually increased. All sorts of schemes were used to keep below the tax threshold, or to pay your tax elsewhere. If you worked outside the country for 90 days per annum, there was a big reduction and those who could used to do so. reduction of the 50% rate to 40% would possibly generate more actual tax receipots. However, politically it looks bad, so that also won't happen yet.

[markxe]

Oh & let's not forget the downsides of historic vehicle tax exemption either. For the classic mini scene it has fuelled "ringing" and vehicle identity fraud, it's also lead to a surge in the illegal trade in V5's, all for the sake of saving a few of us a £100 or so a year!!

Your suggesting people buy old log books and ring cars, I dont believe a word of that
http://www.ebay.co.u...=item336eb26887

[mab01uk]

reduction of the 50% rate to 40% would possibly generate more actual tax receipots. However, politically it looks bad, so that also won't happen yet.

Agreed it probably would generate more tax and encourage high earners to start businesses in UK and therefore employ more workers but convincing the public won't be easy!

[giner88]

is that even legal?

[giner88]

Oh & let's not forget the downsides of historic vehicle tax exemption either. For the classic mini scene it has fuelled "ringing" and vehicle identity fraud, it's also lead to a surge in the illegal trade in V5's, all for the sake of saving a few of us a £100 or so a year!!

Your suggesting people buy old log books and ring cars, I dont believe a word of that
http://www.ebay.co.u...=item336eb26887

is that even legal?

[mini-luke]

Nope

[AVV IT]

is that even legal?

No, hence the phrase "The ILLEGAL trade in V5's"... don't worry it will get reported to Ebay and withdrawn,... they usually do!!

Edited by AVV IT, 25 November 2011 - 09:59 PM.

[giner88]

i reported it hahaha i went online and checked. i wish there was more of a penalty

[puggered]

Well you can thank the Labour party for abolishing the Historic road tax!

[Bungle]

they didn't abolish it it's still here for cars pre 72

making it rolling again is what this topic is about

[puggered]

Well you can thank the Labour party for abolishing the Historic road tax!

Edit: Well you can thank the Labour party for abolishing the "rolling" Historic road tax!

Is that better for you Bungle? You seem very critical of my posts and only reflect negativity. Have I upset you bud? would it be best if I just unsubscribed from TMF