Fuel Tax

Income Tax, Council Tax, National Insurance and VAT issues.

Fuel Tax

Postby huntingross » Sun Jul 19, 2009 12:56 pm

Does anyone actually know what the fuel tax is on petrol, onto which we pay VAT.

You hear crazy figures of the forcourt making about 2p on a litre.

I would like to know this when I start billing the Treasury.

-------

OK answered my own question

If a litre of unleaded petrol costs 93p, 54.19p goes on fuel duty, 20.98p is the cost of the fuel, 12.13p covers the VAT and 5.71p goes to the retailer and on delivery, according to petrolprices.com.


http://www.telegraph.co.uk/motoring/news/5809914/Fuel-duty-increases-not-working-says-AA.html
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Re: Fuel Tax

Postby huntingross » Sun Jul 19, 2009 1:54 pm

My first probe of our new found agreement (markj tm and HM Treasury) will be to send them a fuel receipt....typically around £30...so will hope to get around £21 back from taxes due to statute.

Shall craft a letter and attach a receipt....
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Re: Fuel Tax

Postby Chipper » Tue Sep 01, 2009 6:19 pm

I would like to see that :cheer:
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Re: Fuel Tax

Postby huntingross » Tue Sep 01, 2009 7:24 pm

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Re: Fuel Tax

Postby huntingross » Thu Feb 25, 2010 11:14 pm

Had another thought today to further disrupt the apple cart.....which kinda rubs up against my moral standpoint......but conflict aside, this is the idea.

Get a petrol pump fitted on the soil of the sovereign independent state of Fidach, where we have no fuel duty or VAT....

Pump prices are about £1.15 a litre where I am.....I reckon Fidach could sell a litre for about 50p, giving a little profit to the state and covering the cost of installation.....

I feel a question being fired off to Grangemouth.
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Re: Fuel Tax

Postby MikeThomas » Fri Feb 26, 2010 11:55 am

While we're on the subject of fuel prices: Has anyone noticed that petrol has crept to £1:12 a litre, (round here anyway) more than it was in December 08 when we all complained of excessive fuel hikes and did thing like boycotting Tesco, who were charging about £1:10 a litre. At that time (if memory serves) crude oil prices had risen to $145 a barrell. That was there excuse for high fuel prices.

Now can someone tell me why, when crude oil cost $80 a barrell now, that they are charging even more!
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Re: Fuel Tax

Postby MikeThomas » Fri Feb 26, 2010 11:56 am

Just had another thought! (Theres a lot of it today!) Isn't there a law somewhere that states something about a tax upon a tak being illegal? If that's the case then there is a good argument to re-claim VAT. :puzz:
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Re: Fuel Tax

Postby 5/11 was an inside job » Fri Feb 26, 2010 6:40 pm

Here's a link for a handy fuel tax calculator.

http://www.abd.org.uk/fuel_tax_calculator.htm
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