Delay rebated fuel duty changes until supply and pricing stabilises. The economic sanctions taken against Russia and the war in Ukraine are creating a perfect storm within the fuel supply market. All Fuels have risen dramatically in recent weeks and is already putting financial strain on business
Businesses are expected to stomach a large duty and VAT increase from rebated to non-rebated fuels from the 1st of April.
Economic sanctions taken against Russia and the war in Ukraine are creating a perfect storm within the fuel supply market. Businesses were already under pressure to absorb large Duty and VAT increases on moving to non-rebated fuels, however prices have dramatically increased as of recent, a further large increase would be detrimental to business and mean many shut down.