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Business news : August 2008
Fuel Duty Increase Postponed
North Wales based Chartered Accountants Gareth Hughes and Co are informing individuals that the government have again postponed plans to increase fuel duty by 2p. The increase was originally due to come into force in April 2008, but the chancellor announced on Budget day that it would be put back to October. Due to rising fuel costs the rise has now been deferred once more. The new due date is April 2009.
Plans for the overhaul of the road tax regime are still very much in swing however, with the government now admitting that approximately 9 million road users are likely to see a significant increase in their vehicle excise duty bills. This comes after the government introduced 13 new bands of taxation that hit the most polluting cars hardest.
Marcus Wilkes comments: “Older cars will also see a vast difference, as the exemption from the top rate of tax for older cars has been eradicated. Cars registered between March 2001 and March 2006 will now be subject to the new system of taxation according to the car’s CO2 emissions.”
For more information contact Gareth Hughes and Co on 01492 593345
To find out more about how we can help you, or to arrange a free initial meeting, please contact us.
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Gareth Hughes & Co - North Wales Accountants |