PRA BUDGET COMMENT

Published 16/03/2016 00:00:00 in Press Releases

FUEL DUTY

The Petrol Retailers’ Association welcomes the Chancellors announcement in today’s budget to continue freezing fuel duty for a further 12 months till April 2017.

The PRA has been lobbying Government and the Treasury on this – in particular outlining the potentially damaging effects on the economy and household budgets of even an inflation-linked rise, so it is good news to hear the Chancellor’s commitment.

Today’s announcement will save households an average of £75 a year, and £250 for businesses.

BUSINESS RATES

The government has made no mention of the inefficient work by the Value Office Agency (VOA) allowing a number of hand car washes (HCW) – that are often unregulated and damaging local water tables with their chemical pollutants* to escape appropriate business rates.

This missed tax revenue opportunity could have produced up to £1bn since 2010* – which if collected would have enabled the Chancellor to cut fuel duty rather than just freezing it for the sixth year in a row.

Such a move would also have provided a level playing field for independent forecourt operators with automatic (ACW) and hand car washes (HCW) whose financial sustainability continues to be threatened as shown by over 165 closures in 2015.**

TOBACCO

The PRA is also pleased to hear that the Government will consult on increased sanctions to prevent tobacco fraud. We have been wary of the increases to tobacco tax as HMRC figures show that there has been a rise in illicit trade. We welcome more details on the consultation in due course.

 

Brian Madderson

Chairman of the Petrol Retailers Association

 

ENDS

NOTES TO EDITORS:

*Figures from the Car Wash Association (CWA)

** Figures from Experian Catalist

Rupal Rawal, Press Officer
Tel: 020 7307 3412
Mob: 07528 977 157
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk Email: rupal.rawal@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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