London to Brighton bike ride next week (blatant plug for me!)
Adrian wrote:
JohnB ) gurgled happily, sounding much like they were
saying :
But then the last cycle I bought contributed around five times more
in tax to the country's coffers than most people pay in VED :-(
Eh? You spent FIVE AND A HALF GRAND ON A BICYCLE?
Nope.
puzzled
But you said you did.
Nope.
The VAT on a £5,500 bicycle would be £819, which is (slightly under) five
times the £165 VED.
My word. You have a calculator.
And isn't £165 the top end of the scale? Is that the average paid?
John B
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