Des wrote:

 > 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

This was the bit I hadn't noticed before. I had presumed that fuel for 
propulsion was VAT rated at 15%. The maths makes sense to me now :-)

Many thanks.

Steve
NB Bream

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