The headline news from chancellor Phillip Hammond’s latest budget is that Stamp duty is to be abolished immediately for first-time buyers purchasing properties worth up to £300,000. Those first-time buyers purchasing properties over this amount won’t pay stamp duty on the first £300,000. However, there was less to say with regards to the automotive industry and business in general.
Nevertheless, the fuel duty rise for petrol and diesel cars scheduled for April 2018 has been scrapped. At the same time car tax for new diesel cars not meeting latest standards is to rise by one band next year. The good news for businesses reliant on deliveries is that this particular tax hike will not apply to van owners.
At the beginning of 2017, it became government policy that all petrol and diesel cars must be off the road by 2040 causing quite a media stir. Click4Reg.co.uk investigated the impact of this bill on the popularity of electric cars, and sought to identify if electric charge points are growing at the same rate across the UK.
WEX Europe Services’ presence at Transpotec Logitec 2017 in Italy allowed it to reaffirm relationships with existing customers and introduce new contacts interested in its fuel cards and telematics systems, the company stated. Held at Veronafiere, the exhibition for fleet owners and distributors attracted more than 84,000 visitors, from 86 countries, in four days. With this visitor base, WEX Europe Services, owner of the Esso Card fuel card portfolio, said the exhibition was the perfect platform to illustrate the benefits the card can provide fleets in Italy.
On 28 February, the Petrol Retailers Association (PRA) raised the issue of the Rural Fuel Duty Rebate Scheme at a meeting with HM Treasury and HMRC. Brian Madderson, PRA chairman, met with Humza Yousaf MSP, minister for transport policy and the islands, for discussions when visiting the Scottish Government in Edinburgh.
There are continuing suggestions from government sources that small businesses, especially those embracing ‘hospitality’, will be given concessions on their business rates liability in the March Budget.
With over £5 billion year higher costs to consumer from rapidly rising fuel costs, Brian Madderson, Chairman of the Petrol Retailers Association (PRA) has again written to the chancellor of the exchequer to state the overwhelming case for a three pence per litre cut in duty in his Autumn Statement.
Michelin has become the majority shareholder in Symbio FCell in the latest round of fundraising conducted by the French hydrogen fuel cell technology company. This fundraising round also saw energy company Engie come on board as an investor. Symbio FCell states that the funds raised give it “the means to develop faster, particularly in the field of hydrogen mobility.”
March diesel sales were up by 7.9 per cent, petrol sales up by a surprising 5.6 per cent and overall sales including commercial up by 7.0 per cent versus same month last year. “Latest Government data suggests that increased economic activity and cheaper prices had a significant impact on the demand for fuel in the month to 14 March”, said Brian Madderson, chairman of the Petrol Retailers Association.
Petrol retailers across the UK are doing everything in their power to hold down pump prices as the summer driving season continues after the Easter holidays, said the Petrol Retailers Association (PRA).
Petrol retailers’ chief Brian Madderson has called on the chancellor to “keep fuel duty down” in this month’s Budget. Five years ago, the chancellor froze fuel duty, a move the PRA said led to “more goods being purchased and more people being hired.” The PRA has long lobbied for either frozen or reduced fuel duty on the basis that this helps to increase business and consumer spending.
A Petrol Retailers Association (PRA) member has successfully appealed via the First Tier Tax Tribunal against HM Revenue & Customs (HMRC) imposition of unreasonable conditions, to obtain an excise duty Deferment Account Number (DAN) for Oil Products.
The Freight Transport Association (FTA) has called on the chancellor to freeze or cut fuel duty ahead of Wednesday’s FairFuelUK event at the House of Commons. Chief executive David Wells has written to George Osborne asking him not to renege on his promise to hold current levels until September.
After persistent lobbying from the Petrol Retailers Association (PRA), HM Revenue & Customs (HMRC) published a consultation document on 17 June regarding the reimbursement of duty on petrol subject to vapour recovery, Brian Madderson, PRA chairman comments.
Central government and local authorities should think hard and look at the facts before making major policy changes in the name of in the name of achieving ‘green’ environmental improvements, says Glass’s. They point out that knee jerk reactions to studies showing the negative impact of diesel emissions on urban air quality could be counterproductive as well as affect sales and use of diesel cars and commercial vehicles.
The Petrol Retailers Association (PRA) has raised their concerns following news that a UK police force has declared that driving away from a petrol station without paying for fuel is no longer considered a crime. Devon and Cornwall Police said it would not investigate such incidents unless there was obvious proof of criminal intent – such as false number plates – and the force has blamed government cuts for the decision.