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skippy41
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PostPosted: Mon Jan 03, 2011 11:37 am 
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edders23 wrote:
skippy41 wrote:
There is talk that diesel could be up to £1.50 a litre by the summer due to oil prices rising
If it does how will those with tx cabs cope at an average 24 MPG and cannot get fare rises to compensate???


skippy do the maths fuel accounts for 15 to 20% of the take so even a 20% hike in fuel costs isn't going to suddenly bankrupt every cabby in the land just put a dent in the profits there should be enough of a margin to absorb such a rise but it will mean less money available after the bills are paid for lifes luxuries


But if your council wont give you a fare rise to compensate your the looser in the end, mind you so will the tax man
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grandad
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PostPosted: Mon Jan 03, 2011 11:54 am 
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skippy41 wrote:
The VAT on dev is already at 19.5%


Realy? Where do you get that information from?

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Grandad,
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wannabeeahack
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PostPosted: Mon Jan 03, 2011 12:08 pm 
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blackpool wrote:
Tell you what wish i did have one of those worth a fortune ! Fairways are going up in price



from what level?.......lol (sorry, going up when weighed in at the scrappies?)

you have a fairway you said....
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captain cab
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PostPosted: Mon Jan 03, 2011 12:12 pm 
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grandad wrote:
skippy41 wrote:
The VAT on dev is already at 19.5%


Realy? Where do you get that information from?


This should be interesting. :wink:

CC

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wannabeeahack
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PostPosted: Mon Jan 03, 2011 12:13 pm 
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edders23 wrote:
skippy41 wrote:
There is talk that diesel could be up to £1.50 a litre by the summer due to oil prices rising
If it does how will those with tx cabs cope at an average 24 MPG and cannot get fare rises to compensate???


skippy do the maths fuel accounts for 15 to 20% of the take so even a 20% hike in fuel costs isn't going to suddenly bankrupt every cabby in the land just put a dent in the profits there should be enough of a margin to absorb such a rise but it will mean less money available after the bills are paid for lifes luxuries



fuel inc DUTY is now (pre vat rise) 106.30 PLUS vat at 17.5% = 124.90

with vat at 20% = 127.56 (rounded up tp 127.99)

so 3p/ltr more, i top up twice a week 50ltrs x 2 = 100 = £3 more per week

BUT im vat regd....

Plus ill get a 3% rise in april off the education which will cover it
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skippy41
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PostPosted: Mon Jan 03, 2011 2:02 pm 
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captain cab wrote:
grandad wrote:
skippy41 wrote:
The VAT on dev is already at 19.5%


Realy? Where do you get that information from?


This should be interesting. :wink:

CC


No I was nearly right it is higher Vat
http://www.petrolprices.com/price-of-petrol.html
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wannabeeahack
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PostPosted: Mon Jan 03, 2011 2:19 pm 
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Road fuel is always taxed at the standard rate. VAT is collected on the total amount due for the fuel, including any excise duty. The standard rate of VAT in the United Kingdom was 17.5 percent as of August 2010. This is set to increase to 20 percent on Jan. 4, 2011.
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captain cab
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PostPosted: Mon Jan 03, 2011 2:21 pm 
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skippy41 wrote:
captain cab wrote:
grandad wrote:
skippy41 wrote:
The VAT on dev is already at 19.5%


Realy? Where do you get that information from?


This should be interesting. :wink:

CC


No I was nearly right it is higher Vat
http://www.petrolprices.com/price-of-petrol.html


I think you might find the 18.01p figure quoted is the VAT content of 120.9.

CC

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skippy41
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PostPosted: Mon Jan 03, 2011 2:29 pm 
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http://www.itv.com/news/pumped-up-petrol-prices73967/
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wannabeeahack
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PostPosted: Mon Jan 03, 2011 5:07 pm 
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why worry?

the more you pay for fuel, the less profit you make, the less tax you pay and the more tax credits you get!


HMG nil Joe Public one
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edders23
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PostPosted: Tue Jan 04, 2011 4:28 pm 
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but aren't tax credits taking the brunt of the cuts ?
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captain cab
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PostPosted: Tue Jan 04, 2011 4:31 pm 
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edders23 wrote:
but aren't tax credits taking the brunt of the cuts ?


dont mention that to him.....you'll be accused of being a commie :lol:

CC

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin
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wannabeeahack
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PostPosted: Tue Jan 04, 2011 7:17 pm 
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i dont care what you call me, just dont call me late for tea

commies/reds/tories/socialist/anarchist.....

DILLIGAF


http://www.youtube.com/watch?v=7IN0bwlPcKY
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