London to Brighton bike ride next week (blatant plug for me!)
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.
Good job one of us has.
And isn't £165 the top end of the scale? Is that the average paid?
You said "most people pay", not average - and I would lay odds that "most"
VED are top-whack - certainly I would think that "most cars" are larger
than 1549cc - although that may have skewed since the introduction of the
CO2-based VED.
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