road fund

The Road Fund was a British Government fund designated to pay for the building and maintenance of the United Kingdom road network. Its income came originally from Vehicle Excise Duty, until that ceased to be hypothecated for roads use in 1936, and then from government grants. It was created by the Roads Act 1920 and Finance Act 1920, and was wound up in the Miscellaneous Financial Provisions Act 1955.
The Road Fund is notable as one of the few beneficiaries of hypothecated taxation in British history, and is the root of a popular misconception that Vehicle Excise Duty (especially when referred to as road tax) is still hypothecated. Between 1920 and 1936 the vehicle licence (tax disc) was officially known as the "Road Fund Licence", a term which is still in common use today.

View More On Wikipedia.org
Recent contents

  1. JamiiForums Tanzania Mwigulu Lameck Nchemba ukiwa waziri wa fedha tulikuonya kuhusu mfuko wa Road fund aya Sasa barabara 85% ni mashimo na TANROADS iko hoi

    Tulionya kuhusu mfuko wa Road fund ambao ulianzishwa na Magufuli kwa ajili ya barabara na kulipa Wakandarasi kwa wakati pesa zilikusanywa na kutunzwa kwenye huo mfuko wa road fund. Magufuli alikua na akili kwamba hata zikija...

  2. JamiiForums Tanzania Mwigulu Nchemba ulifanya makosa sana kuua mfuko wa road fund

    Mwigulu Nchemba ni msomi unampa wakati mgumu Mama Samia kutekeleza miradi ya barabara. Kwasababu mfuko wa road fund ambao Magufuli aliuanzisha kwasababu ya barabara pesa zote zinazotokana na kodi ya mafuta ya vyombo vyote vya moto ziende kwenye mfuko road fund kwasababu ya barabara. Wewe...
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…