Hydrocarbon Oil Duty
Fuel tax imposed on road motor vehicles in UK / From Wikipedia, the free encyclopedia
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Hydrocarbon Oil Duty (also fuel duty and fuel tax) is a fuel tax levied on some fuels used by most road motor 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.
This article needs to be updated. (October 2021) |
The government revenue from fuel duty was £27.1 billion for the financial year 2014–2015.[citation needed] This is an increase in cash terms in comparison to 2013-2014 but now only represents 1.5% of GDP. This is in contrast to the start of the 2000s when it was 2.3% of GDP. A further £3.9 billion is raised from the VAT on the duty, contributing some 3.5 per cent of total UK tax revenues.[1] The Fuel Price Escalator, which was introduced in 1993 was abandoned after the disruptive fuel tax protests of 2000.