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:
“Is a park any better than a coal mine? Whats a mountain got that a slag pile hasnt? What would you rather have in your gardenan almond tree or an oil well?”
—Jean Giraudoux (18821944)
“Any officer fit for duty who at this crisis would abandon his post to electioneer for a seat in Congress ought to be scalped.”
—Rutherford Birchard Hayes (18221893)