I don't see that Rick. The degrodation only exludes us from the Minimum tax chargable, which is currenly about £0.23/litre. If you add that to the sale price of red (without duty or VAT £0.33/litre) then the minimum cost per litre that the gov would have to charge by EU law would be £0.56 + VAT, or about £0.65/litre. Bearing in mind the gov own report says an increase to red would devastate the industry etc etc, surely the obviuos solution is to keep red and tax it to the minimum amount, thus avoiding infrastructure changes etc. Fishing and commercial users could claim back the extra duty as the do now.
Sorry - the assumption I made was that it would go to the road level of duty. You are right - it may not do that. Was just trying to make Canibul feel better /forums/images/graemlins/wink.gif
To make Canibul feel even better, I've got a petrol powered boat. The last time I filled up it cost me 115 p per litre (though it's gone down a bit since then) or $8.40 per US Gallon.
There now; doesn't that feel better? /forums/images/graemlins/smile.gif
Prices at the pumps here hovered in the $ 5/gallon range last year, but the hurricane season affected supply and demand. Boats couldnt make it down from Miami for a long time.
I dont know why this country doesnt buy its fuel from Venezuela....its cheaper, and Chavez would cut a good deal just to thumb his nose at Bush.