Sodium (noun). a common metallic element of the alkali group, in nature always occuring combined, as in common salt, in albite, etc. It is isolated as a soft, waxy, white, unstable metal, so readily oxidized that it combines violently with water, and to be preserved must be kept under petroleum or some similar liquid.
In the Overview of Legislation and Tax rates for 2014-'15, the treasury states that the rolling benefit will affect around 10,000 classic car owners per year, who are currently paying VED, but will be newly exempt from 2015.here's good news for classic car owners in the 2014 budget. From April 2014, the classic car exemption from VED will begin rolling from 40 years, with cars built before January 1974 eligible for a zero-rated tax disc. Then, from January 2015, the formerly fixed cut-off, will become a rolling one.
Ownership tax is a personal property tax based on a vehicle's manufacturer's suggested retail price (MSRP). The taxable value of your car is calculated by multiplying the MSRP of your vehicle by 75 percent for trucks and trailers or 85 percent for passenger vehicles and motorcycles. Therefore, a passenger car with an MSRP of $20,000 would have a taxable value of $17,000. This amount is then multiplied by the vehicle's tax rate, which is determined by the age of the vehicle. The tax rates range from a flat fee of $3 to 2.1 percent of a vehicle's taxable value depending on the age of the vehicle. A 3-year-old car with a taxable value of $17,000 would have an ownership tax of $204; which would be the amount that could be deducted from the federal tax return.