I think that was the point being made, if we do go to white it will be 20% instead of the 5% vat charged now. Hence it will not be 19p more but more like 10% above forcourt price, about £1.60 at todays prices.
Guess it will depend on where you buy your fuel and what the turnover is but we can buy petrol waterside at anything from 10p above road to 60p above.
A new slant on the issue from the RYA:
"Notwithstanding the contradictory assertions in the Minister’s statement and HMRC’s consultation documents, the draft legislation appended to the consultation documents would not in fact make it unlawful to use marked diesel outside UK waters. Instead, the proposal is to change the content of the required declaration when purchasing fuel.
The proposed legislation would not therefore change the current situation if you go to Europe.
However, the proposed revised content of the declaration does not accurately reflec! t the position under either UK or international law and thus would effectively require signatories falsely to acknowledge that they are aware of restrictions on fuel usage that do not in fact exist.
The RYA is therefore challenging this proposal.
Gus Lewis, Head of Legal & Government Affairs"
[QUOTE=Nick_H;3411370] ... and thus would effectively require signatories falsely to acknowledge that they are aware of restrictions on fuel usage that do not in fact exist.QUOTE]
Sounds just like 60/40 tax avoidance (or should I say evasion) to me! Does someone need to tell the RYA that when in a hole one should stop digging?!
Last edited by joliette; 01-03-12 at 23:28.
April 21, 2017
April 21, 2017