kingofturds

iTrader: (1)

well its finally broken the quid barrier what a fookin rip off.motorists seem to be under siege at the minute, ripped off at the pumps and speed cameras. surely the extra revenue genarated by increased fuel costs could be used to reduce fuel tax

fatherpierre

Revenue raised to reduce revenue of the same type??????????

steppers

£1.01.9 2nite @ horley basstods

Charlie WRXSTI

OMG shock horror

imlach

Err....fuel duty is FIXED at around 48p/litre. I'm not quite understanding where this extra revenue for the goverment is coming from????

If you don't agree with the high prices, don't purchase it. Supply & demand. If beer was £5/pint, would you buy it or boycott it?

Think about it.......

NotoriousREV

extra govt revenue comes from 17.5% VAT, imlach.

Leslie

They need even more caxh for the overborrowing problem so dont expect any handouts, quite the opposite in fact.

Les

imlach

Yes....all 1.75p of it from the recent 10p increase in pump prices then....so instead of paying 99.9p/litre, you'd be paying 98.2p instead if the goverment waived the additional vat....earth shattering.

The way some of you lot go on, you'd think the goverment had suddenly started charging you 10-20p more for your petrol!

However, why should they reduce it? The price of coffee is going up, but I don't hear calls for vat on that to be reduced...

VAT is VAT. It applies to all luxury items (of which fuel for your private car is one).

Poor Guy

i do believe that out of our fuel currently, 70 or so pence is tax.

imlach

It's about 60p actually.
Around 48p is fuel duty. About 12p vat.

Poor Guy

http://www.abd.org.uk/show-tax.htm

imlach

Err..yes, about 61p/litre....

Where are you getting 70p from?????

Poor Guy

"bp £1.01 a litre"
"Did you know that over 70% of the price of petrol is tax?"

would be just over 70p by my reckoning

imlach

OK, here's a table for you....tax on unleaded is made up of fuel duty (a fixed amount of 48.5p/litre), and the rest is VAT. Here's how it looks.

70p/litre - goverment gets 58.9p in revenue (84% tax)
80p/litre - goverment gets 60.4p in revenue (75% tax)
90p/litre - goverment gets 61.9p in revenue (68% tax)
100p/litre - goverment gets 63.4p in revenue (63% tax)

So the goverment are actually playing fair, and the %-age of tax you are paying on fuel is actually coming down

You'll also note that as we have moved from 70p to 100p (and increase of 30p!), the goverment are only getting an extra 4.5p per litre.

imlach

That's a misleading statistic by the ABD. The higher the price goes, the lower the percentage the tax is because fuel duty is FIXED at 48.5p, and is NOT proportional to the price....

See my table above.

GarethE

iTrader: (1)

Yep - Filled up with optimax this morning 100.1p.p.l would have saved a couple of squids if I'd filled up yesterday when I planned to instead of leaving it

Petem95

But the actual amount of tax they receive is going up as fuel prices go up

imlach

Yes....that's how VAT works. And?
Do you go out & protest when the price of other things you buy goes up and the goverment gets more VAT?

Petem95

And what? I was mearly making a statement, not disputing anything.


No, do you?

kingofturds

iTrader: (1)

if i boycott petrol im unable to get to work simple as that.it now costs me an extra £11 a week in petrol from when i first got the scoob just over 12 months ago.
How much would petrol cost if it was not for bliars disastarous iraq campaign? that is one of the main factors in high fuel costs

imlach

Well buy a car that is cheaper to run and doesn't do 20mpg then. 82.5% of your extra £11 a week is going to the oil companies, NOT the goverment.

No, not the main factor to be honest. Soaring demand from China & India is one of the major factors, and also speculative traders taking the price up.

k2iss

There are some good infos about it here:

http://www.pistonheads.com/news/defa...?storyId=11821

Fuel duty is 47.1 pence per litre +17.5 VAT = 55.23 pence a litre.

jowl

I use my scoob less now petrol has gone up.

But I can't use my daily runaround - a 1.3 VW Polo less - I use (need) it for work.

If the price of coffee goes up, I can drink less coffee.

If the price of petrol goes up, I can't simply go to work less.

imlach

No, but you could car share, use the bus, cycle, walk, etc etc.

jowl

Well, I did try taking my brother with me to work today.

But as I travel around 4, 5 or more schools a day, carrying computers and computer bits it's quite difficult.

I DID walk to a school the other day - and could just about manage to carry the invoice I was taking. Much more and it gets a problem.

imlach

The positive thing is that you are trying....more than most!

It sounds like your job necessitates a vehicle given the stuff you are carrying....some things simply cannot be got around.
It's the non-essential personal journeys one can look at, or even car sharing when it allows.

Of course things like car sharing necessiate some kind of compromise, but in other ways, it makes you more disciplined at work - ie, you HAVE to arrive at 8am and you HAVE to leave at 5pm. In some ways, that's quite nice...you don't sit around for an extra 30 minutes surfing during the day for instance.

jonc

The rise doesn't just affect personal usage, public transport, air travel, transport and courier services, haulage etc will also have to foot the increase and this will get passed down to us again with increases in prices for everything and therefore increasing inflation. Recession could follow with an already weakened global economy.

Ben WRX Bug-Eye

Good to see Imlach still banging on about how we can magically solve high fuel prices by using our cars that bit less. Great to see somebody standing up for their own views so strongly. Can't see this grand effort convincing many people that the best solution isn't simply for the government to reduce taxation on the stuff though.

I've been reading up on how the oil markets work, the changes in demand and supply and the effects of speculation. I still think the government is taxing it too highly. I still want to protest.

mart360

been here before old boy!!!!

earliest bus is at 7.0am... takes 60 mins to get to where i work... i start at 7.45...

and no one lives in the same county as me...

prhaps if billy got of his world stage and actually adressed the issues he so b liar ingly sold the sheep we may get some where.

then again when you look at the tree hugging policy makers he has what do you expect..


M

imlach

No, reducing usage won't magically do anything....it will bring positive benefits to your bank balance though! Reduced global demand in general WILL bring down prices though - there'll then be a oversupply & consequent glut and crude prices will plummet again.

Remember, it was only back at the turn of this century that crude prices fell from the 1990's at $30/barrel down to $9/barrel and workers in places like Aberdeen were getting laid off by the dozen....OPEC used to like prices maintained around the $25-35 region, but that's out the window now.


So why only protest now? Why weren't you protesting for the last 2-3 years when the taxation levels have been more or less the same as now?

Who did you vote for at the last election out of interest?