fuel duty

Banning new diesel and petrol vehicles from 2040 will leave a gaping hole in the Treasury’s finances as fuel duties would be wiped out. That’s according to Kevin Nicholson, Head of Tax at PwC UK, who said the mass adoption of electric vehicles (EVs) would signal the culmination of a trend towards ever-lower fuel tax revenues […]

The European Commission has referred Italy to the Court of Justice over fuel duty reductions. It said the government failed to apply the national excise duty rate on petrol and diesel bought by motorists in the Friuli Venezia Giulia region. Currently, the Italian authorities grant a price reduction on fuel to motorists who live in […]

  The government has confirmed it is maintaining the cap on Carbon Price Support rates and pledged investment for electric cars, innovation and infrastructure. Philip Hammond made the announcement during his first and last Autumn Statement as Chancellor as he revealed it will be abolished. That means following the spring 2017 Budget and Finance Bill, […]

Fracking firms were given a boost in the Queen’s Speech today as they will be allowed to drill under people’s homes without permission. The Infrastructure Bill could change trespassing laws, allowing shale gas exploration companies to drill on private land without having to notify the owner. Land and homeowners currently have to give permission for […]

Campaigners are calling on Chancellor George Osborne to reduce fuel duty by 3 pence across all vehicle fuels in the Budget. New figures suggest UK drivers are suffering from the biggest fuel tax burden in Europe as they pay the highest proportion of tax despite a Government freeze on fuel duty since 2011. Around 61% […]

Today Chancellor George Osborne derided Labour leader Ed Miliband for putting forward plans for a “phoney” price freeze policy “drafted on the back of a fag packet”. Speaking at the Tory party conference in Manchester, he claimed the attention-grabbing policy to freeze energy bills for 20 months has “completely unravelled”. He said: “Any politician would […]

A rise in fuel duty due to be introduced in September, has been cancelled by the Chancellor. In his Budget speech yesterday, George Osborne said petrol would now be 13 pence per litre cheaper than it would have been had the fuel duty not been frozen in the last two years. He said: “For a […]

A “huge” drop in petrol sales in the UK earlier this year could have cost Treasury coffers by more than £1billion since 2008. Statistics from the Department of Energy and Climate Change show more than two billion fewer litres of petrol and diesel were sold on forecourts in the first half of this year compared […]

The Treasury is postponing a planned fuel duty rise in August after pressure from Labour. Shadow Chancellor Ed Balls this morning called on George Osborne to use a £500 million “windfall” left over from the Olympics budget to lighten the load on British drivers. This afternoon the Chancellor announced the rise of 3p a litre […]

Even though taxing poor grannies grabbed the headlines, there was plenty of noise coming from motorists. Many expressed disbelief over George Osborne’s refusal to stop an increase to fuel duty. A 3.02 pence per litre fuel duty increase will take effect on 1 August as planned, it was confirmed in yesterday’s Budget. It means the […]