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fuel duty

Increased fuel duty has been cancelled in the budget

Increased fuel duty has been cancelled in the budget

Increased fuel duty, due to take effect next month (April), has been cancelled by Chancellor Rishi Sunak in the Budget 2021.  The Treasury says this could be the last time fleets can expect a freeze in fuel duty and that future rates will be decided taking into consideration the UK’s commitment to reach net-zero emissions by 2050. The one-year freeze in fuel duty from 2021-22 will cost the Treasury £795m, rising to £885m the year after (2022-23), £910m in 2023-24, £925m in 2024-25 and £945m in 2025-26.  There was no... Read full article


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Marshall Leasing is a trading division of N.I.I.B. Group Ltd a company registered in Northern Ireland under company NI3721, whose registered office is situated at 1 Donegal Square South, BELFAST, BT1 5LR. N.I.I.B. Group Limited is authorised and regulated by the Financial Conduct Authority