Have you ever wondered just how much you spend on ‘fuelling up’ your car each year?
If you are like me, you deliberately don’t keep a record, as you know it’s going to be a frightening amount of money.
Let’s take it a stage further and work out how much of your hard earned wages you are paying in tax, to the government, on that fuel each year.
According the the FairFuelUK campaign, if you drive 10,000 miles per year:
- Total Cost of fuel to you = £1702
- Excise duty = £766
- VAT = £284
- Total Combined Tax = £1049
If you can bear to look, you can find comparable figures for differing annual mileages here