in 2009 27 billion was raised by fuel duty 32 billion by fuel and VED giving 5 billion raised by VED, (VAT not taken into account that added another 4) which would mean fuel would need a 18% price rise, given falling consumption in vehicles from 2009 round it up to a round 20% increase.
Given that that 20% would be on the fuel duty not the whole cost
Fuel duty currently is 57.95 p/ltr that would mean fuel duty would be 69.54 p/ltr then add that to the cost of the fuel and distribution and add VAT on top of that.
Funnily enough Gov figures give average UK pump prices as £1.04????? where is that then?
Even though I have a tax VED free car I'd happily see it transferred to fuel. I guess the classic crowd would be up in arms though!
It would make it a much simpler tax system.
None licensed or MOT'd vehicles could be addressed by discs easy enough. You get a piece of paper at an MOT why not a window sticker? none tamper type.
