2008/10/26 Ron Jones <[EMAIL PROTECTED]>: > Bob Wood wrote:
>> 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... ;-) 29.8p ? I still make it 30.24p. -- Bob
