Shopping on line can be easy, simple and save you lots of money. It can also take a lot of your time, frustrate you, and result in unwanted purchases. Now the same can be said for regular high street shopping, but with the vast opportunity presented by the Internet it will pay you to spend a few minutes reading this and understanding how to better optimize your Fuel Tax shopping experience:

1. Compare - without doubt the biggest advantage that the Fuel Tax offers shoppers today is the ability to compare thousands of Fuel Tax at a time. This is a great thing, but not necessarily all the time! Too much can be daunting at times so take advantage of the great comparison sites and where possible let them do the hard work for you.

2. Research - if it has been said it will be on the internet. Ignorance is no longer a justifiable reason for buying the wrong thing. Take the time to research in detail everything that you could possible want to know about

3. Testimonials - don't know anybody that has bought a Fuel Tax? Wrong! If the Fuel Tax is good the internet will let you know. Use the Internet as a friend and get testimonials before you buy.

4. Questions - Got a question about Fuel Tax then search the Forums, FAQ's, Blogs etc. Don't be afraid to ask .....

5. Reputation - Never heard of the company selling Fuel Tax? Don't worry, no reason why you should know every company in the world, but you know someone that does! Use the internet to find out what people are saying about Fuel Tax and build up a picture of their reputation for sales, returns, customer service, delivery etc.

6. Returns - still worried that even after all of the above your Fuel Tax wont be what you want? Check out the returns policy. There is so much competition now that someone, somewhere is bound to offer the terms that you are comfortable with.

7. Feedback - happy with your Fuel Tax then let people know, after all you are depending on others people input in your buying decision, so why not give a little back.

8. Security - check for the yellow padlock on the Fuel Tax site before you buy, and the s after http:/ /i.e. https:// = a secure site

9. Contact - got a question about Fuel Tax, or want to leave a comment then check out the sites contact page. Reputable companies have them and respond.

10. Payment - ready to pay for your Fuel Tax, then use your credit card or PayPal! Be aware of companies that don't accept them, there may be genuine reasons but given the huge amount of choice you have when buying online there is no reason at all not to buy via credit card or PayPal.

A fuel tax (also known as a petrol tax, gasoline tax, gas tax or fuel duty) is a sales tax imposed on the sale of fuel. In the United States, the funds are often dedicated or hypothecation to transportation, or even roads, so that the fuel tax is considered by many a user fee. In other countries, the fuel tax is a source of general revenue.

In most countries the fuel tax is not imposed on fuel which is not intended for transportation: fuel used to power agricultural vehicles, and or home heating oil which is identical to diesel. This creates an economic incentive for illegal use of fuel.

Effects Because of the relatively Price elasticity of demand nature of demand for petrol, in the short run the tax will be an effective source of revenue. In the long run, however, theory predicts that people adjust their consumption of petrol; that is, over a period of years, people will consume less as the price increases (by installing mass transit systems, for instance). Thus, some environmentalism have advocated a fuel tax as a way to reduce reliance on fossil fuels.

In some regions of the world, differences in fuel taxes between countries result in a significant level of cross-border purchasing of motor fuel. This is particularly true in Europe, where large differences in fuel taxes, coupled with minimal or no border controls, encourage drivers to cross borders for the sole purpose of filling up their tanks with fuel. For example, petrol in Luxembourg is typically around 20% cheaper than in neighbouring Belgium. Since both countries belong to the Schengen Treaty agreement, the border crossings are unmanned and almost unnoticeable, except for the large number of petrol stations on the Luxembourg side of the border. A similar situation exists along the Republic of Ireland-United Kingdom border where historically fuel prices were much lower in Northern Ireland but in recent years the situation has reversed. In Western Europe, it is mostly small countries and territories (e.g. Luxembourg, Andorra, Gibraltar) that enjoy lower fuel taxes. This is possible because the reduced tax revenue caused by a lower fuel tax is offset by disproportionate numbers of drivers from neighbouring countries entering the small countries to pay the lower fuel tax. Most countries' customs regulations permit the duty-free import of the contents of a vehicle's built-in fuel tank, but there are exceptions. Singaporean customs officials check the fuel gauges of vehicles leaving Singapore and require that the fuel tank be at least three quarters full, in order to limit the amount of lower taxed fuel that Singaporean residents can buy during short trips to Malaysia. Recently, gas stations in Argentina near the Brazil border list two different prices for gasoline, one for cars with Argentinian license plates and another one for foreign plates. This was done to restrict Brazilian drivers from buying cheaper fuel in Argentina, generating long lines at the gas stations and driving gas prices up. Gas stations on Interstates in New Jersey close to the New York border typically witness large volumes of sales from drivers taking advantage of the double cuts of less expensive fuel blend and lower fuel sales tax resulting in a significant savings over New York.

Tax rates Australia The fuel tax system in Australia is very similar to Canada in terms of its double dipping tax rates, but varies in the case of exemptions including tax credits and certain excise free fuel sources. Fuel taxes are handled by both the Federal and State Governments, including both an Excise Tax and a Goods and Services Tax (Australia) or "GST". The tax collected is generally used to help fund national road infrastructure projects and repair roads, as well as provide extra revenue for other services.

At current time of writing (June, 2006), the Fuel Tax Bill 2006 is currently being debated in the Australian Senate. If passed, changes to the information below could occur.

The Goods and Services Tax (Australia) of 10% is charged and included in the price of all fuel purchases in Australia.

The excise tax on commonly used fuels in Australia as of June, 2006 are as follows;



Note: Petrol used for Aviation is taxed at $0.02854 per litre

The state government of Queensland also provides an 8.354c/litre subsidy to most fuels bought (including Unleaded, Blended unleaded, LPG and Ethanol). This is usually reflected by an 8.354/litre difference at the pump price, as the subsidy is paid directly to retailers.

There are also a number of various Grant (money) and incentive schemes involving tax credits and rebates that generally apply to businesses or industries that rely heavily on the use of fuels, such as transport and aviation. There are also rebates that encourage the production and importation of clean fuels.

Canada The tax on fuel in Canada can vary greatly between locales. On average, about one-third of the total price of gas at the pump is tax. excise taxon gasoline and diesel are collected both federal and provincial governments, as well as by some select municipalities (Montreal,_Quebec, Vancouver,_British_Columbia, and Victoria,_British_Columbia); with combined excise taxes varying from 16.2 ¢/L in the Yukon to 30.5 ¢/L in Vancouver,_British_Columbia. As well, the federal government and some provincial governments (Newfoundland and Labrador, Nova Scotia, and Quebec) collect sales tax (Sales taxes in Canada) on top of the retail price and the excise taxes.

{| class="wikitable" style="text-align:center"|+Gasoline Excise Taxes in Canada|-! Government !! rate (¢/L) !! combined rate (¢/L)|-! Canada (Federal)]| 16.5 || 26.5|-! Prince Edward Island| 15.5 || 25.5|-! [New Brunswick| 15.2 || 25.2|-! [Ontario| 11.5 || 21.5|-! [Saskatchewan| 9.0 || 19.0|-! [British Columbia| 6.2 || 16.2|-! The [Northwest Territories| 1.5 || 26.7|-! [Vancouver,_British_Columbia| 6.0 || 30.5|-! Victoria,_British_Columbia,| 2.5 || 27.0|-|}

The Government of Canada collects about $5 billion per year in excise taxes on gasoline, diesel, and aviation fuel as well as approximately $1.6 billion per year from GST revenues on gasoline and diesel (net of input tax credits).

Collectively, the provincial governments collect approximately C$8 billion per year from excise taxes on gasoline and diesel.

Taxes collected by the federal government do not get reserved for any specific program. However, provincial taxes usually go to fund road repair and construction with a portion also being directly downloaded to municipalities.

Many Canadians cross into the United States to buy fuel due to lower fuel tax south of the line.

Netherlands The sale of fuels in the Netherlands is levied with an excise tax.A 1995 excise raise by Dutch gulden 25 cents (€0.11), the Kok Quarter (€0.08 raise per litre gasoline and €0.03 raise per litre diesel), by then Prime-Minister Wim Kok is now specifically set aside by the second Balkenende cabinet for use in road creation and road and public transport maintenance.The 2007 fuel tax was € 0,684 per litre or $ 3,5 per gallon. On top of that is 19% VAT over the entire fuel price, making the Dutch taxes one of the highest in the world.

People's Republic of China In the People's Republic of China, the fuel tax has been a very contentious issue. Efforts by the State Council of the People's Republic of China and the Communist Party of China to institute a fuel tax in order to finance the National Trunk Highway System have run into strong opposition from the National People's Congress, largely out of concern for its impact on farmers. This has been one of the uncommon instances in which the legislature has asserted its authority.

United Kingdom From 2007-10-01 the main road fuel (petrol and diesel) duty rate in the UK is per litre. The rate for biodiesel and bioethanol is £0.3035.{{cite web|title=Hydrocarbon Oils: Duty rates |url=http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageExcise_RatesCodesTools&propertyType=document&id=HMCE_PROD1_027232 |publisher=UK HMRC -->

Jet fuel used for international aviation attracts no duty, and no VAT.

Note: in the UK, Value Added Tax (VAT), currently at 17.5%, is also charged on the price of the fuel and on the duty.

United States of America The first U.S. state tax on fuel was introduced in February 1919 in Oregon.Corning, Howard M. Dictionary of Oregon History. Binfords & Mort Publishing, 1956. It was a 1 cent per U.S. gallon (0.3¢/L) tax. In the following decade, all of the U.S. states (48 at the time), along with the Washington, D.C., introduced a gasoline tax. By 1939, an average tax of 3.8¢/gal (1¢/L) of fuel was levied by the individual states.The fuel tax in Texas is currently set at 20¢/gal since being raised to that amount in 1991. In May of 2007, the Texas House of representatives unanimously voted to pass a ' gas-tax relief' measure for the 2007 summer driving period. The measure was not passed by the state Senate.

While state fuel taxes had been around for more than a decade, the first federal gasoline tax in the United States was created on June 6, 1932 with the enactment of the Revenue Act of 1932 with a tax of 1 cent/gal (0.3¢/L). The U.S. federal gasoline tax as of 2005 was 18.4¢/gal (4.86¢/L), and the gasoline taxes in the various states range from 10 cents to 33 cents, with an average about 22 cents per U.S. gallon (5.8¢/L), making the average combined tax on gasoline 42¢/gal. Unlike most goods in the U.S., the price displayed includes all taxes, rather than being calculated at the point of purchase.

The head of the U.S. Dept. of Transportation stated on 15 Aug. 2007 that about 60% of our federal gas taxes are used for highway and bridge construction. The remaining 40% goes to other, unrelated uses.

Germany

plus Value Added Tax (19%) on the fuel itself and the Fuel Tax. That adds up to prices of 1.19 Euro per litre for ultra-low sulphur Diesel and 1.37 Euro per litre für unleaded petrol (Sep 2007).

See Also

References

External links

A fuel tax (also known as a petrol tax, gasoline tax, gas tax or fuel duty) is a sales tax imposed on the sale of fuel. In the United States, the funds are often dedicated or hypothecation to transportation, or even roads, so that the fuel tax is considered by many a user fee. In other countries, the fuel tax is a source of general revenue.

In most countries the fuel tax is not imposed on fuel which is not intended for transportation: fuel used to power agricultural vehicles, and or home heating oil which is identical to diesel. This creates an economic incentive for illegal use of fuel.

Effects Because of the relatively Price elasticity of demand nature of demand for petrol, in the short run the tax will be an effective source of revenue. In the long run, however, theory predicts that people adjust their consumption of petrol; that is, over a period of years, people will consume less as the price increases (by installing mass transit systems, for instance). Thus, some environmentalism have advocated a fuel tax as a way to reduce reliance on fossil fuels.

In some regions of the world, differences in fuel taxes between countries result in a significant level of cross-border purchasing of motor fuel. This is particularly true in Europe, where large differences in fuel taxes, coupled with minimal or no border controls, encourage drivers to cross borders for the sole purpose of filling up their tanks with fuel. For example, petrol in Luxembourg is typically around 20% cheaper than in neighbouring Belgium. Since both countries belong to the Schengen Treaty agreement, the border crossings are unmanned and almost unnoticeable, except for the large number of petrol stations on the Luxembourg side of the border. A similar situation exists along the Republic of Ireland-United Kingdom border where historically fuel prices were much lower in Northern Ireland but in recent years the situation has reversed. In Western Europe, it is mostly small countries and territories (e.g. Luxembourg, Andorra, Gibraltar) that enjoy lower fuel taxes. This is possible because the reduced tax revenue caused by a lower fuel tax is offset by disproportionate numbers of drivers from neighbouring countries entering the small countries to pay the lower fuel tax. Most countries' customs regulations permit the duty-free import of the contents of a vehicle's built-in fuel tank, but there are exceptions. Singaporean customs officials check the fuel gauges of vehicles leaving Singapore and require that the fuel tank be at least three quarters full, in order to limit the amount of lower taxed fuel that Singaporean residents can buy during short trips to Malaysia. Recently, gas stations in Argentina near the Brazil border list two different prices for gasoline, one for cars with Argentinian license plates and another one for foreign plates. This was done to restrict Brazilian drivers from buying cheaper fuel in Argentina, generating long lines at the gas stations and driving gas prices up. Gas stations on Interstates in New Jersey close to the New York border typically witness large volumes of sales from drivers taking advantage of the double cuts of less expensive fuel blend and lower fuel sales tax resulting in a significant savings over New York.

Tax rates Australia The fuel tax system in Australia is very similar to Canada in terms of its double dipping tax rates, but varies in the case of exemptions including tax credits and certain excise free fuel sources. Fuel taxes are handled by both the Federal and State Governments, including both an Excise Tax and a Goods and Services Tax (Australia) or "GST". The tax collected is generally used to help fund national road infrastructure projects and repair roads, as well as provide extra revenue for other services.

At current time of writing (June, 2006), the Fuel Tax Bill 2006 is currently being debated in the Australian Senate. If passed, changes to the information below could occur.

The Goods and Services Tax (Australia) of 10% is charged and included in the price of all fuel purchases in Australia.

The excise tax on commonly used fuels in Australia as of June, 2006 are as follows;



Note: Petrol used for Aviation is taxed at $0.02854 per litre

The state government of Queensland also provides an 8.354c/litre subsidy to most fuels bought (including Unleaded, Blended unleaded, LPG and Ethanol). This is usually reflected by an 8.354/litre difference at the pump price, as the subsidy is paid directly to retailers.

There are also a number of various Grant (money) and incentive schemes involving tax credits and rebates that generally apply to businesses or industries that rely heavily on the use of fuels, such as transport and aviation. There are also rebates that encourage the production and importation of clean fuels.

Canada The tax on fuel in Canada can vary greatly between locales. On average, about one-third of the total price of gas at the pump is tax. excise taxon gasoline and diesel are collected both federal and provincial governments, as well as by some select municipalities (Montreal,_Quebec, Vancouver,_British_Columbia, and Victoria,_British_Columbia); with combined excise taxes varying from 16.2 ¢/L in the Yukon to 30.5 ¢/L in Vancouver,_British_Columbia. As well, the federal government and some provincial governments (Newfoundland and Labrador, Nova Scotia, and Quebec) collect sales tax (Sales taxes in Canada) on top of the retail price and the excise taxes.

{| class="wikitable" style="text-align:center"|+Gasoline Excise Taxes in Canada|-! Government !! rate (¢/L) !! combined rate (¢/L)|-! Canada (Federal)]| 16.5 || 26.5|-! Prince Edward Island| 15.5 || 25.5|-! [New Brunswick| 15.2 || 25.2|-! [Ontario| 11.5 || 21.5|-! [Saskatchewan| 9.0 || 19.0|-! [British Columbia| 6.2 || 16.2|-! The [Northwest Territories| 1.5 || 26.7|-! [Vancouver,_British_Columbia| 6.0 || 30.5|-! Victoria,_British_Columbia,| 2.5 || 27.0|-|}

The Government of Canada collects about $5 billion per year in excise taxes on gasoline, diesel, and aviation fuel as well as approximately $1.6 billion per year from GST revenues on gasoline and diesel (net of input tax credits).

Collectively, the provincial governments collect approximately C$8 billion per year from excise taxes on gasoline and diesel.

Taxes collected by the federal government do not get reserved for any specific program. However, provincial taxes usually go to fund road repair and construction with a portion also being directly downloaded to municipalities.

Many Canadians cross into the United States to buy fuel due to lower fuel tax south of the line.

Netherlands The sale of fuels in the Netherlands is levied with an excise tax.A 1995 excise raise by Dutch gulden 25 cents (€0.11), the Kok Quarter (€0.08 raise per litre gasoline and €0.03 raise per litre diesel), by then Prime-Minister Wim Kok is now specifically set aside by the second Balkenende cabinet for use in road creation and road and public transport maintenance.The 2007 fuel tax was € 0,684 per litre or $ 3,5 per gallon. On top of that is 19% VAT over the entire fuel price, making the Dutch taxes one of the highest in the world.

People's Republic of China In the People's Republic of China, the fuel tax has been a very contentious issue. Efforts by the State Council of the People's Republic of China and the Communist Party of China to institute a fuel tax in order to finance the National Trunk Highway System have run into strong opposition from the National People's Congress, largely out of concern for its impact on farmers. This has been one of the uncommon instances in which the legislature has asserted its authority.

United Kingdom From 2007-10-01 the main road fuel (petrol and diesel) duty rate in the UK is per litre. The rate for biodiesel and bioethanol is £0.3035.{{cite web|title=Hydrocarbon Oils: Duty rates |url=http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageExcise_RatesCodesTools&propertyType=document&id=HMCE_PROD1_027232 |publisher=UK HMRC -->

Jet fuel used for international aviation attracts no duty, and no VAT.

Note: in the UK, Value Added Tax (VAT), currently at 17.5%, is also charged on the price of the fuel and on the duty.

United States of America The first U.S. state tax on fuel was introduced in February 1919 in Oregon.Corning, Howard M. Dictionary of Oregon History. Binfords & Mort Publishing, 1956. It was a 1 cent per U.S. gallon (0.3¢/L) tax. In the following decade, all of the U.S. states (48 at the time), along with the Washington, D.C., introduced a gasoline tax. By 1939, an average tax of 3.8¢/gal (1¢/L) of fuel was levied by the individual states.The fuel tax in Texas is currently set at 20¢/gal since being raised to that amount in 1991. In May of 2007, the Texas House of representatives unanimously voted to pass a ' gas-tax relief' measure for the 2007 summer driving period. The measure was not passed by the state Senate.

While state fuel taxes had been around for more than a decade, the first federal gasoline tax in the United States was created on June 6, 1932 with the enactment of the Revenue Act of 1932 with a tax of 1 cent/gal (0.3¢/L). The U.S. federal gasoline tax as of 2005 was 18.4¢/gal (4.86¢/L), and the gasoline taxes in the various states range from 10 cents to 33 cents, with an average about 22 cents per U.S. gallon (5.8¢/L), making the average combined tax on gasoline 42¢/gal. Unlike most goods in the U.S., the price displayed includes all taxes, rather than being calculated at the point of purchase.

The head of the U.S. Dept. of Transportation stated on 15 Aug. 2007 that about 60% of our federal gas taxes are used for highway and bridge construction. The remaining 40% goes to other, unrelated uses.

Germany

plus Value Added Tax (19%) on the fuel itself and the Fuel Tax. That adds up to prices of 1.19 Euro per litre for ultra-low sulphur Diesel and 1.37 Euro per litre für unleaded petrol (Sep 2007).

See Also

References

External links



 

Fuel Tax



 
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