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:
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