List of uk taxes

[dabofoppo]

Hey guys never posted in here since i dont really understand politics but im interested to know what taxes we pay in the uk? I know of:
Income tax
Fuel duty tax
Value added tax
Council tax
and vehicle excise duty.
What else is there? iv searched google etc but i cant find any real lists. Thanks for any help guys

[58warren]

Inheritance Tax
Stamp Duty
Insurance Premium Tax
Airport Tax
Capital Gains Tax
National Insurance

I could go on for a while...

Edited by 58warren on Wednesday 24th March 20:37

[Puggit]

Pension tax

[MiniMan64]

Wouldnt it be easier to list what isn't taxed?

[Deva Link]

http://www.hmrc.gov.uk/menus/aboutmenu.htm

[Fittster]

TV Licence

[Puggit]

M6 toll
Speeding fines

[Poledriver]

Speeding tax!

Damn! Too slow.

Edited by Poledriver on Wednesday 24th March 20:41

[58warren]

Someone posted a list of all the 'stealth' taxes introduced by Nu Labia since 1997. I believe there were over 130 new ways of screwing the tax payer at the last count.

[eldar]

drink tax.



Which sounds like good advice...

[FourWheelDrift]

The Institute for Fiscal Studies compiled a report that said Gordon Brown has imposed 157 'stealth tax' rises since 1997.

http://www.ifs.org.uk/

[DonnyMac]

I’ve often wondered what someone is really left with, or what the actual rate of tax is for someone in real terms after tax allowances for a range of earners taking into account –

PAYE
NI
VAT
Fuel Duty
Council Tax
Fuel Tax (utilities)
Car Tax
Insurance Tax
Tax on Savings & Investments
Airport Tax
TV license

There’s probably double/triple this list in day-to-day taxes, but anyone on here have the time to work it out for these annual earning thresholds –

£25k
£50k
£75k
£100k
£135k (new budget)
£150k
£200k (with 50% top rate)
£250k

Perhaps 2 cars(10k miles p/a x 2), 2 holidays, 2 kids, £150 p/w shopping being the average?

What percentage are we left with after tax? (not including house purchase, death, pensions & inheritance which are not encountered day-to-day).

Eric, where are you...?

[catso]

I don't know the exact figures but I'm sure I've heard that the average person pays around 50% of their income as tax, either directly or indirectly and I would think that's fairly accurate.

[DonnyMac]

That little?

Salary = £100k
Minus £5k allowance
= £95k

Minus an av. of 45% inc of varying tax bands + NI
= £52,250

This guy buys a car which is £40k inc. £7k vat

The £7k is 13.5% of his real income/earnings not 7% of his actual salary as this is an imaginary figure – he never sees it.

So with one purchase this guy is paying 13.5% tax on his already taxed earnings and he’s yet to pay car tax, have dinner at a restaurant, watch TV, have a beer, smoke or go shopping etc.

Last year I spent £21k with Tesco’s on shopping and fuel – it doesn’t take big individual purchases to exponentially increase the tax percentage you pay.

These figures are definitely wrong, hence the question, who here can calculate what we actually pay in tax after standard purchasing behaviour?

I think we’ll be shocked.

[WEHGuy]

DonnyMac said:

I’ve often wondered what someone is really left with, or what the actual rate of tax is for someone in real terms after tax allowances for a range of earners taking into account –

PAYE
NI
VAT
Fuel Duty
Council Tax
Fuel Tax (utilities)
Car Tax
Insurance Tax
Tax on Savings & Investments
Airport Tax
TV license

There’s probably double/triple this list in day-to-day taxes, but anyone on here have the time to work it out for these annual earning thresholds –

£25k
£50k
£75k
£100k
£135k (new budget)
£150k
£200k (with 50% top rate)
£250k

Perhaps 2 cars(10k miles p/a x 2), 2 holidays, 2 kids, £150 p/w shopping being the average?

What percentage are we left with after tax? (not including house purchase, death, pensions & inheritance which are not encountered day-to-day).

Eric, where are you...?

Too fking much

[clonmult]

MiniMan64 said:

Wouldnt it be easier to list what isn't taxed?

Air.

And no doubt they're working on a way to tax that.

[Diderot]

corporation tax

[tangent police]

Business rates.

[fido]

Fiscal Drag.

[jesusbuiltmycar]

Since 1997 the "Red Tax book" detailing all uk taxes has doubled in size and the print size has decreased to keep it under 10,000 pages...