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"I was born not knowing and have had only a little time to change that here and there." | Octopus Energy | Sharesies
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scuwp:
Batman:
i don't think they will.
they stand to lose too much tax money from gas guzzling SUVs, watercraft, did you know small petrol boats use upwards of 50L/100km.
The Transport Minister has already said this is is intention. How long it will take is another matter, so yes, it appears they will.
The excise duty recovered from fuel is reducing, and will continue to do so as newer tech brings more efficient ICE and combined source vehicles. It is an unsustainable taxation model even in the short-medium term. Something has to change.
I don't have any stats on how much fuel (subject to FED) is purchased for boat use, but my impression is that it would be a drop in the ocean (see what I did there...) compared to the overall FED take.
Looked into this a little.
A EECA report from 2021 pegs off road petrol use at 14%, of which 87% is recreational marine. This would mean that 12% of petrol road tax revenue comes from recreational boating.
But this data does come from surveys, which has limitations. My gut feeling is that it is overstated.
Edit: Should note, in the interest of fairness, recreational boating shouldn't really be paying petrol tax, so fixing this problem should be seen as a positive outcome not a negative one.
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These comments are my own and do not represent the opinions of 2degrees.
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Mike
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