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UK could raise nearly £2bn by taxing SUVs in line with European countries, study shows (www.theguardian.com)
submitted 1 year ago by to c/unitedkingdom@feddit.uk
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[–] 2 points 1 year ago (2 children)

I'm not sure what the mistake is? France charge a £50k premium, so £66k tax doesn't sound unreasonable.

It doesn't say that that £66k is 3 times the cost, it says there are 13 countries which have a greater acquisition tax than 3x the UK rate. As far as I can see, it doesn't mention the relative costs between the UK and France.

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  • [–] 2 points 1 year ago (1 child)

    If it’s mean to be a single digit multiple of the uk tax, at 3k, then it can’t be 66k

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  • [–] 1 point 1 year ago

    It's not meant to be a single digit multiple of the UK tax, I don't know where you're getting that from. The things which the article mentions as being single digit multiples are:

    In 13 countries, acquisition taxes for such an SUV are more than three times higher than the UK’s

    £3,200 in the UK, but the sale would incur taxes of £66,600 in France – driving UK SUV sales to four times the level in France.

    And the headline figure is "up to 20 times", which roughly matches the £66k.

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