Quote:
Originally Posted by Georgeandkira
above: What's the VED on the 3.2?
These vehicles are all here in the US and within 100 miles of me.
A state sales tax is what would be involved.
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I think we might be in danger of confusing our taxes.
We have a sales tax in the UK. This is the dreaded value added tax or VAT, currently 20%, which is charged to the end user. Retail sales are often stated as 'VAT inclusive', since a private, non-registered buyer is unable to reclaim the tax from HMG.
In addition, we also pay an annual tax, variously known as inter alia vehicle excise duty, VED, road fund licence RFL, etc. The amount payable varies greatly depending on the age, emissions, engine size of the vehicle concerned, hence the reason, I suspect, behind 'bananarama's question.
This tax was originally introduced to pay for the construction and maintenance of our roads, but today, judging by the appalling state of the roads, it would seem to be used for anything but!
Regards, John.