Fuel duty increase deferred
The government has announced that the 3.02 pence per litre (ppl) fuel duty increase that was due to take effect on 1 August 2012 will be deferred to 1 January 2013.
‘In the Autumn Statement 2011 it was announced that the 3.02ppl fuel duty increase that was due to take effect on 1 January 2012 would be deferred to 1 August 2012, and the inflation increase that was originally planned for 1 August 2012 would be cancelled.’
The effect will be to maintain the duty liability on all fuels at current levels until 1 January 2013.
To talk to someone about this in more detail please contact a member of our tax team today.