Global Information Lookup Global Information

Hydrocarbon Oil Duty information


UK filling stations collected more than £27 billion in fuel duty in 2014–15.

Hydrocarbon Oil Duty (also fuel duty and fuel tax) is a fuel tax levied on some fuels used by most road motor vehicles in the United Kingdom; with exceptions for local bus services, some farm and construction vehicles and aviation, which pay reduced or no fuel duty.

The government revenue from fuel duty was £27.1 billion for the financial year 2014–2015.[citation needed] This is an increase in cash terms in comparison to 2013-2014 but now only represents 1.5% of GDP. This is in contrast to the start of the 2000s when it was 2.3% of GDP. A further £3.9 billion is raised from the VAT on the duty, contributing some 3.5 per cent of total UK tax revenues.[1] The Fuel Price Escalator, which was introduced in 1993 was abandoned after the disruptive fuel tax protests of 2000.

  1. ^ United Kingdom National Accounts: The Blue Book (Report). Office for National Statistics. 2010.

and 27 Related for: Hydrocarbon Oil Duty information

Request time (Page generated in 0.8339 seconds.)

Hydrocarbon Oil Duty

Last Update:

Hydrocarbon Oil Duty (also fuel duty and fuel tax) is a fuel tax levied on some fuels used by most road motor vehicles in the United Kingdom; with exceptions...

Word Count : 1364

Motoring taxation in the United Kingdom

Last Update:

excise duty (commonly known as VED, vehicle tax, car tax, and road tax), which is levied on vehicles registered in the UK, and hydrocarbon oil duty (normally...

Word Count : 3521

2024 London mayoral election

Last Update:

their candidate in May 2023. Cox had campaigned against increases in hydrocarbon oil duty, a tax on fossil fuels used by most road motor vehicles. Reform said...

Word Count : 7991

Excise

Last Update:

Remote Gaming Duty) (Finance Act 2014) HGV Road User Levy (HGV Road User Levy Act 2013) Hydrocarbon Oil Duty (Hydrocarbon Oil Duties Act 1979) Landfill...

Word Count : 6912

Biofuel in the United Kingdom

Last Update:

meet the official definition of "biodiesel" in Section 2AA of The Hydrocarbon Oil Duties Act 1979 (HODA), and consequently was merely a "fuel substitute"...

Word Count : 928

Meter Point Administration Number

Last Update:

Authority Oil and gas BBL Pipeline Dash for Gas Forties pipeline system Fuel protests Gas infrastructure Greenhouse gas emissions Hydrocarbon Oil Duty National...

Word Count : 2423

Anglo American plc

Last Update:

Authority Oil and gas BBL Pipeline Dash for Gas Forties pipeline system Fuel protests Gas infrastructure Greenhouse gas emissions Hydrocarbon Oil Duty National...

Word Count : 4071

Shell plc

Last Update:

announced its intention to phase out all Russian hydrocarbon production and acquisition projects, including crude oil, petroleum products, natural gas and liquefied...

Word Count : 18265

Petroleum refining in the United Kingdom

Last Update:

downstream sector of the UK oil industry. Phillips 66, Humber Refinery, South Killingholme, 11.5 million tonnes per year Prax, Lindsey Oil Refinery, North Killingholme...

Word Count : 687

Vedanta Resources

Last Update:

operations in Australia and Zambia and oil and gas operations in three countries. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium...

Word Count : 3223

British Gas

Last Update:

Authority Oil and gas BBL Pipeline Dash for Gas Forties pipeline system Fuel protests Gas infrastructure Greenhouse gas emissions Hydrocarbon Oil Duty National...

Word Count : 2434

Falkland Oil and Gas

Last Update:

selfdetermination, their right to develop their hydrocarbons resources and the peaceful development of their economy. "Falkland Oil & Gas Ltd Summary financial accounts...

Word Count : 498

National Coal Board

Last Update:

output from 184 million to 250 million tons by 1970. Competition from cheap oil imports arrived in the end of the 1950s, and in 1957 the coal industry began...

Word Count : 1608

North Sea oil

Last Update:

North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea. In the...

Word Count : 4152

Weir Group

Last Update:

as the result of a long-term global downtown in the oil and gas sector. In October 2020, the oil and gas division of the company was sold to Caterpillar...

Word Count : 1279

Sharjah National Oil Corporation

Last Update:

Hamriyah Free Zone A hydrocarbon condensate storage terminal at Al Hamriyah with associated offshore loading facilities Abu Dhabi National Oil Company (ADNOC)...

Word Count : 1083

Meter serial number

Last Update:

Authority Oil and gas BBL Pipeline Dash for Gas Forties pipeline system Fuel protests Gas infrastructure Greenhouse gas emissions Hydrocarbon Oil Duty National...

Word Count : 174

BP

Last Update:

Distillers Company which were merged with British Hydrocarbon Chemicals to form BP Chemicals. The company's oil assets were nationalised in Libya in 1971, in...

Word Count : 25616

Octopus Energy

Last Update:

Authority Oil and gas BBL Pipeline Dash for Gas Forties pipeline system Fuel protests Gas infrastructure Greenhouse gas emissions Hydrocarbon Oil Duty National...

Word Count : 3742

Common Purse Agreement

Last Update:

yield in each jurisdiction. Taxes apportioned in this way: Hydrocarbon oil duty Lottery duty Revenue is shared proportional to the number of residents...

Word Count : 1660

John Wood Group

Last Update:

diversified into the energy services business at the outset of the North Sea oil industry in the early 1970s. The company acquired Mustang Engineering Inc...

Word Count : 552

TV pickup

Last Update:

Authority Oil and gas BBL Pipeline Dash for Gas Forties pipeline system Fuel protests Gas infrastructure Greenhouse gas emissions Hydrocarbon Oil Duty National...

Word Count : 1816

OVO Energy

Last Update:

Authority Oil and gas BBL Pipeline Dash for Gas Forties pipeline system Fuel protests Gas infrastructure Greenhouse gas emissions Hydrocarbon Oil Duty National...

Word Count : 2259

Outfox the Market

Last Update:

Authority Oil and gas BBL Pipeline Dash for Gas Forties pipeline system Fuel protests Gas infrastructure Greenhouse gas emissions Hydrocarbon Oil Duty National...

Word Count : 370

United Utilities

Last Update:

Authority Oil and gas BBL Pipeline Dash for Gas Forties pipeline system Fuel protests Gas infrastructure Greenhouse gas emissions Hydrocarbon Oil Duty National...

Word Count : 1923

Oil and gas industry in the United Kingdom

Last Update:

million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, so is now an importer of hydrocarbons having been a significant exporter...

Word Count : 4880

EDF Energy

Last Update:

Authority Oil and gas BBL Pipeline Dash for Gas Forties pipeline system Fuel protests Gas infrastructure Greenhouse gas emissions Hydrocarbon Oil Duty National...

Word Count : 2592

PDF Search Engine © AllGlobal.net