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UK filling stations collected more than £27 billion in fuel duty in 2014–15. Hydrocarbon Oil Duty (also fuel duty and fuel tax) is a fuel tax levied on some fuels used by most road motor vehicles in the United Kingdom; with exceptions for local bus services, some farm and construction vehicles and aviation, which pay reduced or no fuel duty.
VED and fuel tax raised approximately £32 billion in 2009, a further £4 billion was raised from the value added tax on fuel purchases. Motoring-related taxes for fiscal year 2011/12, including fuel duties and VED, are estimated to amount to more than £38 billion, representing almost 7% of total UK taxation .
The Fuel Price Escalator (later Fuel Duty Stabiliser), a fuel duty policy in the United Kingdom ahead of inflation, was introduced in March 1993 as a measure to stem the increase in pollution from road transport and cut the need for new road building at a time of major road protests, at Twyford Down and other locations. Set initially at 3% ...
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In the United Kingdom, tax on fuel for road use is made up of two elements—fuel duty and value added tax (VAT). Fuel duty is applied at a fixed amount per litre by fuel type, and VAT is then added as a percentage of the combined total of the cost of the fuel and the fuel duty. [1]
A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuel tax receipts are often dedicated or hypothecated to transportation projects, in which case the fuel tax can be considered a user ...
Fuel duty is levied at a rate of 57.95p per litre for petrol and diesel. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail ...
This evolved from the Fuel Duty Rebate which refunds some of the fuel duty paid by bus operators in the UK, including those in London, to support bus services. The Bus Service Operators Grant (BSOG, and formerly Fuel Duty Rebate) is a scheme that refunds some of the Fuel Duty incurred by operators of registered local bus services in the United ...