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Old 04-10-2010, 14:15   #40
Taf
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Re: Child Benefit Scrapped For Higher Rate Tax Payers From 2013

Quote:
Originally Posted by Ignitionnet View Post
I am lost as to what that would do to bring down the fiscal deficit, could you explain?
DVLA calculated many years ago that revenue lost by non-payment of Road Fund Licence fees could be recouped by scrapping the Tax Disk and by adding just 1p or so per litre to petrol and diesel (at rates of that period). No way to dodge the revenuer then, plus those who drove more, or whose cars guzzled more fuel, automatically paid more. The way was then open for the replacement of the Tax Disk with a combined MOT/Insurance disk, issued by MOT stations and insurance companies. Plus costs of chasing Untaxed drivers fell to zero, increasing overall income to DVLA, thus to HMG.
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