Wednesday, 10 June 2009

Petrol Tax vs LPG Tax – Good news in the budget

So some really good news came through the recent budget for people who convert to LPG we have more time than we thought before the tax man goes berserk on LPG tax.
I thought I had only a couple of years more before it was open season but according to the LPG association here,

The Chancellor has not reducing the duty differential with petrol at the next increase announced for September 2009. The government has also extended the commitment fuel duty from 3 years to 5 years. It is is claimed that they will maintain the tax differential between petrol and LPG until March 2014 assuming we can trust the politicians.

The good news is that the duty differential will be reduced by no more than 1p on a litre of petrol each year see point 9 in hereSo bottom line is – if you get your car converted you have another 5 years or so before it’s open season on LPG Gas in the budget. Plenty of time to get your car converted, recoup the investment and capitalise on pure savings…Its not often I say this but ….Thanks very much HMRC.