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News Release from: Freight Transport Association | Subject: Show tax content on road fuel bills
Edited by the Buildingtalk Editorial
Team on 31 January 2008
Show tax content on road fuel bills says
FTA
FTA says that the Governmen increase in fuel duty on 1 April should be scrapped and that users should be absolutely clear on the extent of the tax which they are already paying.
The Freight Transport Association says that customers buying petrol or diesel should be told just how much tax they are paying in the process FTA would like to see fuel receipts issued at filling stations detailing the price of the petrol or diesel itself, the fuel duty and the VAT
This article was originally published on Buildingtalk on 9 Dec 2003 at 8.00am (UK)
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FTA says that the Government's proposed increase in fuel duty of 2p per litre on 1 April should be scrapped and that users should be absolutely clear on the extent of the tax which they are already paying.
FTA, which represents the transport interests of companies operating over 220,000 goods vehicles, says that the increasing cost of oil, and the huge taxes which are added to it in the UK, impacts on the whole population and is inflationary because everything we use or consume is at some stage transported by road.
FTA's Director of External Affairs, Geoff Dossetter said that there should be absolute clarity about the tax element in fuel prices.
'With fuel duty at 50.35p per litre and VAT at 17.5 per cent then the cost of a typical fill of 50 litres of fuel at GBP1.05 per litre works out at GBP52.50.
This consists of GBP19.51 for the fuel, GBP25.17 for the fuel duty and GBP7.82 for the VAT.
'So, for 50 litres at the pump, we are paying GBP19.51 for the fuel plus an eye-watering GBP32.99 in taxation.
And now the Chancellor is looking for a further 2p per litre in April! 'FTA suggests that oil companies and fuel retailers should consider introducing payment receipts which demonstrate this ultra-high tax take by Government.
And perhaps they could also include information regarding approximate CO2 output from petrol and diesel for different categories of vehicles, thus providing overall transparency.
'Two-thirds of the pump price of diesel and petrol is taxation.
The Government should be content with that and scrap its plans for a further increase of 2p per litre in April'.
The 2p per litre increase planned for April comes on top of a 19 per cent, or 14p per litre, increase in the last twelve months.
One-third of the operating costs of the heaviest lorries is fuel and the annual fuel bill for a single 40 tonne artic has increased from GBP26,456 at the beginning of 2000 to GBP37,461 in 2007.
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