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Old 02-11-2019, 09:45 PM
Colly0410 Colly0410 is offline
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Join Date: Jul 2014
Location: Hucknall, Nottingham, England.
Posts: 245
Quote:
Originally Posted by dieseljeep View Post
Does the neighbor's employer actually own the car or just lease it? It's a very common practice in the US. Those cars are rather expensive even here!
BTW, what is VAT?
Yes it's value added tax as init4fun says, it's 20% on just about everything except most food, but sweets & takeaways are VAT'd. New cars have car purchase tax based on CO2 emissions plus VAT. Petrol (gas) has a tax on it, then they put VAT on the whole lot including the tax, so they actually tax a tax. You also pay a road fund tax every month, 6 months or year, mines just over 12 pounds a month taken straight out of the bank. You used to have a tax disc to put in your windscreen with expiry date on it but they scraped that a few years ago, they know if you have not paid by a number plate (tag) data base the cops have access to, they also have roadside camera's all over the place to keep an eye on you, big brother is watching...
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