‘Urgent review’. More nonsense from this Government. Every time the average car fills up, £46 is tax (fuel duty and VAT). This is basically theft, and they’re making a fortune
As has already been mentioned, the gov don’t really have a lot of motivation to do much about this.
**Example numbers :** March – Petrol was about 150 a litre. now its about 190.
Taking in to consideration how much the gov gets (29% duty and 17% vat) that means in march, the gov got 69p out of every litre we buy.
now, at prices near to 190, they are getting about 87p per litre sold. so that’s a tenner more they are getting for every petrol car fill up just by doing not much at all as the price per barrel increase.
For diesel the differences will be even more.
So take the fact that there are 30million cars on the road, and even saying that only 10% of them buy fuel regularly. that’s 30 million quid extra in the govs pockets each time those 10% fill up.
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‘Urgent review’. More nonsense from this Government. Every time the average car fills up, £46 is tax (fuel duty and VAT). This is basically theft, and they’re making a fortune
£46.
https://news.sky.com/story/cost-of-living-treasury-nets-16346-in-tax-from-average-full-tank-as-fuel-prices-set-more-records-12632949 Cost of living: Treasury nets ‘£46 in tax’ from average full tank as fuel prices set more records
As has already been mentioned, the gov don’t really have a lot of motivation to do much about this.
**Example numbers :** March – Petrol was about 150 a litre. now its about 190.
Taking in to consideration how much the gov gets (29% duty and 17% vat) that means in march, the gov got 69p out of every litre we buy.
now, at prices near to 190, they are getting about 87p per litre sold. so that’s a tenner more they are getting for every petrol car fill up just by doing not much at all as the price per barrel increase.
For diesel the differences will be even more.
So take the fact that there are 30million cars on the road, and even saying that only 10% of them buy fuel regularly. that’s 30 million quid extra in the govs pockets each time those 10% fill up.