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Taf · 13-05-2010, 19:29

As we pay excise duty on the petrol then VAT on the cost PLUS the excise duty, a simple way would be to just dump the VAT and have the excise duty only (at a higher rate at first of course to prevent loss of tax).

But I don't suppose our EU friends would like that....

13-05-2010, 19:29	#26
Taf cf.mega poster Join Date: Jun 2003 Location: Kairdiff-by-the-sea Age: 69 Services: TVXL BBXL Superhub 2ac (wired) 1Tb Tivo Posts: 10,316	Re: Think petrol tax is high right now? As we pay excise duty on the petrol then VAT on the cost PLUS the excise duty, a simple way would be to just dump the VAT and have the excise duty only (at a higher rate at first of course to prevent loss of tax). But I don't suppose our EU friends would like that....