Bob Wood wrote: > 2008/10/26 Ron Jones <[EMAIL PROTECTED]>: > >> http://www.hmrc.gov.uk/budget2007/bn53.htm >> Red duty is about 10p/l >> Full duty is about 58p/l >> >> So the maximum possible increase is in the order of 48p+VAT = 55p - >> that's the full duty rate (not a 60/40 split), a 60/40 split would >> be an increase of 60% of 48p = 28.8, and adding VAT = 33p. I don't >> see how anyone could make that £1.50 per litre. > > > The Customs Brief makes it clear that VAT is chargeable at the reduced > rate of 5%, not the full 17.5% which you have used in your > calculations. > > So, the maximum possible increase is in the order of 48p+VAT = 50.4p > - that's the full duty rate (not a 60/40 split), a 60/40 split would > be an increase of 60% of 48p = 28.8, and adding VAT = 30.24p. I > don't see how anyone could make that £1.50 per litre. > > Only a small difference, I know - or have I missed something?
Ooops, I forgot that one - so that's 29.8p increase on the 60/40 Therefore that will make my diesel (assuming the price hasn't gone up very recently) 105p/l, which is a couple of pence cheaper than white diesel at ASDA, and I won't end up with a car full of smelly jerries. IMHO you only spill diesel in a car once... ;-) Ron Jones Process Safety & Development Specialist Don't repeat history, unreported chemical lab/plant near misses at http://www.crhf.org.uk Only two things are certain: The universe and human stupidity; and I'm not certain about the universe. ~ Albert Einstein ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/canals-list/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/canals-list/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
