Hots on Posted October 16, 2012 Share Posted October 16, 2012 The MP Robert Halfon has brought forward a 10 minute rule bill in parliament proposing that fuel receipts clearly display a percentage break down of what you're actually paying for, i.e the cost of the fuel itself, the VAT and the fuel duty, rather than the cost of the VAT and the duty being hidden in with the cost of the fuel. In the name of transparancy I think this is a good idea and should be implemented. http://news.bbc.co.uk/democracylive/hi/house_of_commons/newsid_9759000/9759167.stm Link to comment Share on other sites More sharing options...
geared Posted October 16, 2012 Share Posted October 16, 2012 That does sound good actually, the Australians have a very good system where online you can see the exact breakdown of the fuel cost. Link to comment Share on other sites More sharing options...
Hots on Posted October 16, 2012 Author Share Posted October 16, 2012 That does sound good actually, the Australians have a very good system where online you can see the exact breakdown of the fuel cost. Of the three charges - VAT, duty and the fuel itself, the fuel is the lowest. Edit: that may be wrong actually, but the duty is certainly the biggest part of the cost. Link to comment Share on other sites More sharing options...
truman Posted October 16, 2012 Share Posted October 16, 2012 Of the three charges - VAT, duty and the fuel itself, the fuel is the lowest. No,VAT is the lowest of those 3 but the lowest of all is the amount the retailer gets.. http://www.candidmoney.com/articles/article186.aspx Link to comment Share on other sites More sharing options...
Hots on Posted October 16, 2012 Author Share Posted October 16, 2012 No,VAT is the lowest of those 3 but the lowest of all is the amount the retailer gets.. http://www.candidmoney.com/articles/article186.aspx Iv'e just edited. Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted October 16, 2012 Share Posted October 16, 2012 The MP Robert Halfon has brought forward a 10 minute rule bill in parliament proposing that fuel receipts clearly display a percentage break down of what you're actually paying for, i.e the cost of the fuel itself, the VAT and the fuel duty, rather than the cost of the VAT and the duty being hidden in with the cost of the fuel. In the name of transparancy I think this is a good idea and should be implemented. http://news.bbc.co.uk/democracylive/hi/house_of_commons/newsid_9759000/9759167.stm As to VAT, yes- anyone can demand a VAT receipt in addition to any other 'cash' receipt or credit/debit card slip. Link to comment Share on other sites More sharing options...
DerbyTup Posted October 16, 2012 Share Posted October 16, 2012 The MP Robert Halfon has brought forward a 10 minute rule bill in parliament proposing that fuel receipts clearly display a percentage break down of what you're actually paying for, i.e the cost of the fuel itself, the VAT and the fuel duty, rather than the cost of the VAT and the duty being hidden in with the cost of the fuel. In the name of transparancy I think this is a good idea and should be implemented. http://news.bbc.co.uk/democracylive/hi/house_of_commons/newsid_9759000/9759167.stm I didn't realise it was a problem? I always ask for a VAT receipt for my fuel and it always clearly shows the fuel and VAT amounts as being separate. I've no interest in knowing specifically what the fuel duty is because I can't change that situation and neither do I need to document if for my business. And no matter what it is, it will always be too much anyhow so... Link to comment Share on other sites More sharing options...
Number Six Posted October 16, 2012 Share Posted October 16, 2012 Will these proposed receipts give an idea of how much CO2 will be produced when the fuel is burned, and an estimate of the cost to the environment of it? Link to comment Share on other sites More sharing options...
DerbyTup Posted October 16, 2012 Share Posted October 16, 2012 it would get very complicated when I'm doing my expenses and it wouldn't make a jot of difference to the planet. Link to comment Share on other sites More sharing options...
Number Six Posted October 16, 2012 Share Posted October 16, 2012 it would get very complicated when I'm doing my expenses and it wouldn't make a jot of difference to the planet. No it wouldn't, you'd just claim as you do know, but there would be more information (which you wouldn't need for your tax return) on the receipt. It's not that complicated. Link to comment Share on other sites More sharing options...
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