The Government is taking 3 times the amount on motoring taxes than they are actually spending on streets, according to quite a few new findings. Figures from the Department for Transport (DtF) show that officials are spending only a third of motor tax collected from Britons on the roads. In 2010, fuel taxes produced an enormous £27 billion for the Treasury with an additional £5 billion produced from vehicle execise duty (VED). However, a new survey has shown that in 2010/11 only £5.7 billion was spent on community roads and £3.75 billion was used on nationwide roads. Maybe they might be in need of a tax calculator to help them work out all of the figures.

The DfT state that VED has nearly doubled in the last 23 years and the rise in revenue from fuel duty has much more than tripled. The stats discovered that in 2010/11, £7.6 billion was forked out on railways and £4.9 billion went towards local public transport. Overall, £22.9 billion of public spending was spent on transportation within the UK. These figures, unless carefully monitored, may become mind-boggling for the Treasury to maintain so it is important that they understand their equations and also use an accurate vat calculator.

What’s more, the department has released its findings on the overall cost of motoring which shows that from 1997 to 2010, the cost including purchase, petrol and also oil, tax and insurance, has gone up slowly but surely. Her Majesty’s Treasury is the United Kingdom’s economics and finance ministry but fundamentally they are in charge of the Government’s money. Be responsible of your very own finances by figuring out savings, loans, mortgages and currency by visiting Calculator.co.uk right now. Uncertain whether you can afford the monthly repayments on a new car on finance? Just use a car finance calculator with the specialists.