price of fuel

[elanturbo]

If a litre of juice costs 73.9 pence, how much of that is tax for Tony. What happened about the fuel protest? Did we win?

[plotloss]

Depending on which way you look at it fuel tax is either a little under 80% or a little over 350%.

Matt.

[andytk]

We lost.

[JohnL]

Mind you I don't think the tax has gone up much or at all since then, and they removed the automatic annaul price increase that had been in place for a while, so not a toal loss.

[HarryW]

Silly question, I know the amount of tax on a Litre is normally quoted in money terms (60p a ltr or something like that) but is this the real figure quoted by the chancellor in his speech? or is it actually a percentage thing? Never realy paid attention before

Harry

[JohnL]

It's about 50p per litre (exact rate depends on the grade) plus VAT (yes tax on the tax) so about err ... 58.75p per litre.

[HarryW]

quote:
It's about 50p per litre (exact rate depends on the grade) plus VAT (yes tax on the tax) so about err ... 58.75p per litre.

Not forgetting the money used to buy it has already been taxed at 40%..therefore the actual cost at these prices pre tax is 97.91p per litre..frightening

Harry

[JohnL]

Then add in the impact of company tax, road tax on transportation, tax on the fuel used to transport it, north sea oil "royalty" tax, the list goes on.

Total tax in the UK is about 40.5% of GDP (we discussed this on another thread recently) which sounds a lot but in Denmark (apparently the nicest place in the world to live according to some survey or another) it's over 60%. Public services are better though, so I'm told.

[kevinday]

I read an interesting article along the lines of taxation against GDP, probably the same one as JohnL. The article showed most European countries as having taxation running at around 39-42% of GDP, in other words all much the same. Statistics etc.....

[JohnL]

quote:
I read an interesting article along the lines of taxation against GDP, probably the same one as JohnL. The article showed most European countries as having taxation running at around 39-42% of GDP, in other words all much the same. Statistics etc.....

What would be interesting would be a comparison between tax level and quality of public services.

[ap_smith]

To get a true comparison between countries like Denmark etc. you'd need to look at the cost of living indices and also the average pay for the citizens.

Quoting 60 Tax burden on GDP wouldn't mean alot if they were all paid 200,000k per annum and a loaf of bread costs tuppence.

[elanturbo]

so that means that the price of the 'fuel' in an average tank of gas (£30?) is only about £6?

[Neil Menzies]

quote:
so that means that the price of the 'fuel' in an average tank of gas (£30?) is only about £6?

Correct - approx £6 petrol, £20 duty, £1 VAT on the petrol, and about £3 VAT on the duty...

[s2ooz]

just got back from spain, its 58p a litre, and they all have someone come out and fill up for you..
so there must be still profit left to pay the man to serve you?

[JMGS4]

Seen in my local rag yesterday, two small articles following each other.
1) Petrol producers about to increase the price of fuel by €0.03/litre to counter the demand of travellers in summer. ??? WTF????
2) Price of crude now at its LOWEST since 8/2001 down to xxx dollars. Great sez you.......

Now how the hell does that all add up? Not only whinging pinko barstewards fleecing us but the multis as well.... More turnover, higher prices, less turnover higher prices, more demand higher prices, less demand higher prices, a never ending screwing of the milch-cows of the nations, us car drivers.
Rant mode off........

[gnomesmith]

But its still less than the tax on a bottle of Scotch.

[JohnL]

Not as a percentage.

[mcecm]

Fcuk the percentages. Been to safeway today. My petrol cost 74p/l my orange juice cost 85p/l. Proof that using petrol is more cost effective than orange juice! Have the pinko muppets got their sums wrong?

>> Edited by mcecm on Sunday 23 June 00:30

[gnomesmith]

It really depends how you treat the production costs, the original cost of filings is pretty low but the subsequent costs can be applied in a number of ways, as the Price Commission found out to their own confusion.

The final confusing factor is the profit margin which is rather different to that of petrol.

I suppose the proof is in the bottle.