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Speaking after the Conservatives released new figures showing that
the Government’s retrospective changes to Vehicle Excise Duty will
leave twice as many people worse off by double as much money as the
10p tax rate fiasco.
After the Government’s compensation
package announced last month, the abolition of the 10p tax band left
1.1 million low-earners, on incomes between £6,635 and £13,355,
losing out by up to £112 a year, according to Treasury figures.
However, retrospective changes to
VED announced in the Budget will see more than twice as many people
(2.3 million) paying up to twice as much - between £100 and £245
more.
This is due to the Government’s
announcement in this year’s Budget to retrospectively tax drivers of
Band F cars (those emitting over 186g/km CO2, registered before
2006), who will no longer be exempt from the full force of VED.
These cars will tend to be older cars, owned by families or those on
low incomes.
Stewart said: “This is once again
another stealth tax imposed on hardworking families across
Peterborough.
“The Government is punishing people
for buying cars before this legislation was even announced.
“This new tax imposed by the
Government will hurt families who are already finding it
increasingly difficult to cope with the rising cost of living,
Ministers must realise that it is punishing those least able to
afford it.”
Stewart
Jackson was elected in May 2005 to represent the
Peterborough constituency in the House of Commons.
To find out more about him, his views and activities, visit his
website at
www.stewartjackson.org.uk
Peterborough UK
Community Website - June 2008
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