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Fuel duty

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FTA calls for Chancellor not to raise fuel duty in the Budget

The Grocer - ‎Feb 10, 2016‎
The Freight Transport Association has urged the Chancellor not to increase fuel duty in next month's Budget after the Institute for Fiscal Studies warned George Osborne might be forced to do so.

Fuel duty increase would be 'irresponsible', says FTA

Logistics Manager - ‎Feb 10, 2016‎
“Regardless of the price of oil, for every penny fuel duty goes up it costs truck and van operators around a £100 million in a full year,” said James Hookham, FTA deputy chief executive.
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IFS Green Budget comments on fuel duty slammed as 'pure political propaganda'

Fleet World - ‎Feb 9, 2016‎
In the report, which is published ahead of the Budget every year to highlight the current economic conditions and challenges, the IFS has said that increasing rates of corporation tax, council tax, business rates or fuel duties could raise significant ...

Fuel duty rise would be “economically irresponsible”: FTA10 February 2016

Transport Engineer - ‎Feb 10, 2016‎
The FTA is responding to the IFS (Institute for Fiscal Studies) annual Green Budget Report, published on Monday (8 February 2016), which suggests that a continued fuel duty freeze would effectively cost the UK economy £3 billion per year. FTA believes ...
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UK diesel and petrol prices: is a fuel price rise on the horizon?

AutoExpress - ‎Feb 3, 2016‎
Falling fuel prices across UK forecourts could soon come to an end, as oil prices mount their rebound and questions over fuel excise duty rises loom ahead of the next budget announcement on 16 March. According to the latest report from the Institute of ...
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Fraudsters in £1m tax rip-off caught selling kerosene at illegal petrol station - ‎Feb 11, 2016‎
The court heard how Daley, described as the lynchpin of the operation, avoided paying £769,122 in fuel duty and £177,236 in VAT.
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Fuel tax rates result in two-wheeler owners paying more per litre than airlines

The Hindu - ‎Feb 3, 2016‎
Higher state taxes coupled with greater incidence of central excise duties has resulted in petrol becoming more expensive per litre than aviation turbine fuel (ATF), the cost of which is borne only by those who can afford to fly. In Delhi, for example ...

Wolverhampton gang who sold fake fuel jailed for tax fraud

BBC News - ‎19 hours ago‎
Frank Daly, 54, Jacob O'Callaghan, 26, and Danny Williams, 22, all from Wolverhampton, ran an illegal petrol station, Stafford Crown Court heard.
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British road traffic increased by record 2.2% last year

The Guardian - ‎19 hours ago‎
King said the trends also showed the great impact that high fuel prices has had in reducing traffic since 2008, but he added: “The lower prices at the pumps today should not be a signal for the chancellor to increase fuel duty and hence stall the ...

Fuel prices in Northern Ireland now among the lowest in UK

Belfast Telegraph - ‎Jan 30, 2016‎
"However, for every £1 a litre at the pump, 60p is fuel duty - the highest in the EU - and 16p is VAT, so the biggest winner is ultimately the Government.

Gideon the Magnificent and the Disappearing Deficit Act

The Daily Reckoning - ‎16 hours ago‎
... on £5 billion in income tax and insurance revenues. Stormy weather taking down the FTSE 100 could receive £2 billion less in capital gains tax.

UK roads at their all-time slowest

The Sun - ‎11 hours ago‎
... insisted the congestion reflected the economic recovery, as more lorries and vans hit the streets. But motoring chiefs ripped into ministers for years of chronic underinvestment.
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Southend has become a magnet for the homeless councillors fear

Echo - ‎18 hours ago‎
“If a London council gives someone a £15 ticket to Southend and that becomes a tens of thousands of pounds problem for us they are not doing their duty.” The town has a plethora of voluntary organisations who help the homeless ... However, one ...
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A Guide to Tax and National Insurance for Small Businesses

is4profit - ‎17 hours ago‎
The cost of this is calculated using the list price of the car and its CO2 emissions - electric cars and vans have a 0% list price percentage so no income tax will need to be paid. Fuel provided for private use is subject to tax and employer's NI as a ...

Councillors fear Southend has become a dumping ground for the homeless

Southend Standard - ‎11 hours ago‎
“If a London council gives someone a £15 ticket to Southend and that becomes a tens of thousands of pounds problem for us they are not doing their duty.” The town has a plethora of voluntary organisations who help the homeless ... However, one ...

What does the green economy need from the Financial Stability Board climate task force?

Business Green - ‎Feb 11, 2016‎
Help fossil fuel companies face up to the facts. Despite the Paris Agreement, oil companies such as Exxon, Shell and BP are still projecting ... The medium and long-term risks of climate change must be disclosed, added Lubber, while investors also want ...

Fund managers who ignore climate risk 'could face legal action'

The Guardian - ‎Feb 10, 2016‎
Global warming poses a systemic risk to the world economy and could significantly cut the value of investments, the experts argue, so those with fiduciary responsibility have a duty to act to reduce that risk, or be taken to court. “Clients of ...

“Inflexible” Budget Target Risks Tax Rise

MoneyExpert (blog) - ‎19 hours ago‎
They would need to continue the growth of fuel duty in line with inflation, they would also need to scrap child benefit for the highest earning families, and they would also need to keep the top-end of tax frozen at £150,000 so that more households ...

2017 VED rates - list price vs price paid

What Car? - ‎Feb 11, 2016‎
From April 1, 2017 the rates of vehicle excise duty (VED or road tax) are changing. If you're looking to spend £40,000 on a new ... "I understand that the rates of vehicle excise duty are changing in 2017 and cars that cost £40,000 and up will be ...

Stamp duty panic and remortgaging fuel surge in valuations

Estate Agent Today - ‎Feb 4, 2016‎
There was a remarkable 52 per cent increase in valuations undertaken by Connells in January this year compared to the same month of 2015.