Monday 19th March 2007

Chancellor to raise taxes

Revenue raising from performance cars

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This Wednesday’s budget from Gordon Brown is expected to contain more bad news for performance car owners. Responding to the current wave of pressure from environmental lobbyists, it’s understood that the Chancellor will drastically increase the road tax charge for vehicles in the ‘G’ band - the highest tax band introduced last April – to at least £400 over the next two years.

Cough up now

The G band is for vehicles bought since April last year that produce over 225g/km of CO2 emissions. Although known as a tax against ‘Chelsea tractor’ SUVs in the popular media, the category also snares most sporting cars from the BMW 335i bracket and above. As an example, a current BMW M3 produces 287g/km, planting it firmly in the top category.

There are also expected to be rises across most of the other tax bands, although for many this will probably be limited to around £15. The very lowest tax bands are expected to receive reductions in charges, with the lowest band remaining free. No cars currently on sale fall into this category.

The Chancellor had been under pressure for far greater rises, with environmentalists campaigning for a road tax charge of £1,000 – or even £2,000 -for vehicles falling into the G band. Could things be about to get even worse?

[gjwv6]

Welcome everyone to RIPP OFF BRITAIN!!! In this wonderful country, if you decide to work hard then you will be taxed, taxed and taxed again for good measures BUT if you are a lazy lay about, not wanting to work, no good waste of space then you will have an easy ride!!! I wonder how long it will be before we have to pay tax on breathing???

[The Wiz]

www.pistonheads.com/gassing/topic.asp?t=369094&f=141&h=0