--- In [email protected], Steve Wood <st...@...> wrote: > > Bruce Napier wrote: > > > Modified rapture - better than before, but since the difference in > > duty is 42.7p, they are still trying it on. > > Am I right in saying that the difference in duty varies depending on the > base price? As I understand it there is additional VAT payable on the > first bit so it is not a constant number. Or are you saying that 42.7p > is the difference at 60p base rate? (I've not got all the numbers to > hand to work it out.) > > Steve > NB Bream >
The duty was increased from 40.66 pence per litre to 42.28 pence per litre on 1st December 2008. Adding the 5% VAT to the old price gives the 42.7p that Bruce is quoting, so I guess his figure is out of date - with VAT, it is now 44.39 ppl. See http://www.hmrc.gov.uk/briefs/excise-duty/brief6808.htm Whatever use the fuel is put to, the VAT rate is constant at 5% - see http://www.hmrc.gov.uk/briefs/excise-duty/brief4908.htm Des Barnard nb Farne
