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Introduce a cap on the total tax take applied to fuel

Submitted by Dean Fletcher on Wednesday 6th July 2022

Published on Monday 11th July 2022

Current status: Closed

Closed: Wednesday 25th January 2023

Signatures: 58

Relevant Departments

Tagged with

conflict ~ Excess ~ Fixed ~ Fuel ~ fuel costs ~ Government ~ INCREASE ~ remain ~ Tax ~ The Government

Petition Action

Introduce a cap on the total tax take applied to fuel

Petition Details

In light of the current unprecedented increases in fuel costs, the government have also seen a large increase in tax revenue far in excess of the amounts forecast. Although this increase is useful to the exchequer it also puts additional and unsustainable cost pressures on businesses and the public.

Additional Information

There is a perception that the government therefore have a vested interest in allowing prices to remain high.

I propose that a cap should be placed on the total combined fuel tax/VAT take so that total taxation cannot exceed a fixed amount regardless of underlying prices.

This would allow the government to reduce cost pressures whilst maintaining an easily forecast tax revenue. It would also give confidence to the public that there was no conflict of interest in government regarding fuel costs

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