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:
“Oh Gull of my childhood,
cry over my window over and over, take me back,
oh harbors of oil and cunners, teach me to laugh
and cry again that way that was the good bargain
of youth....”
—Anne Sexton (1928–1974)
“[17th-century] Puritans were the first modern parents. Like many of us, they looked on their treatment of children as a test of their own self-control. Their goal was not to simply to ensure the child’s duty to the family, but to help him or her make personal, individual commitments. They were the first authors to state that children must obey God rather than parents, in case of a clear conflict.”
—C. John Sommerville (20th century)