This bar chart shows the amount of tax contributions made by various sectors of the motorcycle industry in the United Kingdom (UK) in 2012, in million British pounds. In the distribution and retail sector, an estimated 66 million British pounds was generated in corporation tax. The total amount of tax contributed by the motorcycle industry reached over one billion British pounds in 2012.
Tax contributions* by the motorcycle industry in the United Kingdom in 2012, by sector and type of contribution
(in million GBP)
Figures estimated by ICF.
* Tax rates: VAT: 20% of net output; Income Tax: 20% of wages; Corporation Tax: 24% of profits; Fuel Excise Duty: 57.95 pence per litre +VAT;
** Motorcycle vehicle tax is estimated as the number of motorcycles registered in each class of engine size, multiplied by the corresponding 12 month rate of vehicle tax in 2012. The resulting tax payments by engine size are then summed to provide total industry vehicle tax contributions of £56 million
i.e. 0-150cc: 394,000 motorcycles x £16 = £5.9 million,
151-400cc: 129,000 motorcycles x £36 = £4.3 million,
401-600cc: 193,000 motorcycles x £55 = £11.7 million,
600cc+: 508,000 motorcycles x £76 = £34.4 million.
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The Motorcycle Industry Association. (January 26, 2015). Tax contributions* by the motorcycle industry in the United Kingdom in 2012, by sector and type of contribution (in million GBP) [Graph]. In Statista. Retrieved October 19, 2024, from https://www.statista.com/statistics/520362/tax-contributed-by-the-motorcycle-industry-in-the-united-kingdom-by-sector-and-tax-type/
The Motorcycle Industry Association. "Tax contributions* by the motorcycle industry in the United Kingdom in 2012, by sector and type of contribution (in million GBP)." Chart. January 26, 2015. Statista. Accessed October 19, 2024. https://www.statista.com/statistics/520362/tax-contributed-by-the-motorcycle-industry-in-the-united-kingdom-by-sector-and-tax-type/
The Motorcycle Industry Association. (2015). Tax contributions* by the motorcycle industry in the United Kingdom in 2012, by sector and type of contribution (in million GBP). Statista. Statista Inc.. Accessed: October 19, 2024. https://www.statista.com/statistics/520362/tax-contributed-by-the-motorcycle-industry-in-the-united-kingdom-by-sector-and-tax-type/
The Motorcycle Industry Association. "Tax Contributions* by The Motorcycle Industry in The United Kingdom in 2012, by Sector and Type of Contribution (in Million Gbp)." Statista, Statista Inc., 26 Jan 2015, https://www.statista.com/statistics/520362/tax-contributed-by-the-motorcycle-industry-in-the-united-kingdom-by-sector-and-tax-type/
The Motorcycle Industry Association, Tax contributions* by the motorcycle industry in the United Kingdom in 2012, by sector and type of contribution (in million GBP) Statista, https://www.statista.com/statistics/520362/tax-contributed-by-the-motorcycle-industry-in-the-united-kingdom-by-sector-and-tax-type/ (last visited October 19, 2024)
Tax contributions* by the motorcycle industry in the United Kingdom in 2012, by sector and type of contribution (in million GBP) [Graph], The Motorcycle Industry Association, January 26, 2015. [Online]. Available: https://www.statista.com/statistics/520362/tax-contributed-by-the-motorcycle-industry-in-the-united-kingdom-by-sector-and-tax-type/