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Section 1 Gas levy. From 1980 to 1981 a gas levy shall be payable by the British Gas Corporation on gas purchased by the corporation under a tax-exempt contract or from a tax-exempt reservoir. Section 2 Rate of levy. The rate shall be one penny per therm (1980–81); three pence per therm (1981–82); and; five pence per therm (1982–83).
This changed for accounting periods ending on or after 1 July 1999, when self-assessment was introduced. [192] Self-assessment means that companies are required to assess themselves and take full responsibility for that assessment. If the self-assessment is wrong through negligence or recklessness, the company can be liable to penalties. [207]
The third largest source of government revenues is value added tax (VAT), charged at 20 per cent on supplies of goods and services. It is therefore a tax on consumer expenditure. Certain goods and services are exempt from VAT, and others are subject to VAT at a lower rate of 5 per cent (the reduced rate, such as domestic gas supplies) or 0 per ...
Fuel taxes in Germany are €0.4704 per litre for ultra-low sulphur Diesel and €0.6545 per litre for conventional unleaded petrol, plus Value Added Tax (19%) on the fuel itself and the Fuel Tax. That adds up to prices of €1.12 per litre (€4.24/US gal; €5.09/imp gal) for ultra-low sulphur Diesel and €1.27 per litre (€4.81/US gal; € ...
Petroleum Revenue Tax (PRT) is a direct tax collected in the United Kingdom.It was introduced under the Oil Taxation Act 1975, soon after Harold Wilson's Labour government returned to power and in the immediate aftermath of the 1973 energy crisis, and was intended to ensure "fairer share of profits for the nation" from the exploitation of the UK's continental shelf, while ensuring a "suitable ...
British Nationality (Fees) (Amendment) Regulations 1991 SI 1991/183; Education (London Residuary Body) (Capital Money) Order 1991 SI 1991/184; Rates and Precepts (Final Adjustments) Order 1991 SI 1991/185; Value Added Tax Tribunals (Amendment) Rules 1991 SI 1991/186; European Communities (Designation) Order 1991 SI 1991/187
That penalty is more than double the combined total of the administration's 11 previous oil and gas Clean Air Act settlements, officials said. Still, it is dwarfed by Marathon's earnings, which ...
In response, British Gas workers went on strike between January and June 2021, when workers accepted a new pay deal. [25] In 2023, British Gas came under criticism after a series of media stories highlighting their poor customer service [26] and practice of breaking into homes to force people onto pre-payment meters. [27]