Hydrocarbon oil duty (also fuel duty and fuel tax) is fuel tax levied on some the price of some fuels used by most road 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.
The government revenue from Fuel Duty in 2009 was £25.894 billion, with a further £3.884 billion being raised from the VAT on the duty contributing some 4% to the total UK tax revenues. The Fuel Price Escalator, which was introduced in 1993 was abandoned after the disruptive fuel tax protests of 2000.
Read more about Hydrocarbon Oil Duty: History, Rates and Receipts, European Comparisons
Famous quotes containing the words oil and/or duty:
“I bade, because the wick and oil are spent
And frozen are the channels of the blood....”
—William Butler Yeats (1865–1939)
“The duty of the State toward the citizen is the duty of the servant to its master.... One of the duties of the State is that of caring for those of its citizens who find themselves the victims of such adverse circumstances as makes them unable to obtain even the necessities for mere existence without the aid of others.... To these unfortunate citizens aid must be extended by government—not as a matter of charity but as a matter of social duty.”
—Franklin D. Roosevelt (1882–1945)