SME concern over looming fuel duty hike

(2 minutes to read)

FSB: ‘If fuel duty rises as planned, it would represent a missed opportunity to remove one of the obstacles that will hinder growth – but the Chancellor still has the power to rectify that mistake in next month’s Spring Statement’.

With the UK’s smaller sized firms facing the highest rise in fuel duty in 12 years, the government is being urged to intervene.

Fuel tax is set to rise in April by 23%, 12p a litre – the Federation of Small Businesses (FSB) says that this could have big consequences for SMEs, with research showing that 54% of firms who saw a rise in business expenses blamed fuel as one of the main causes.

The FSB is calling on the Chancellor to scrap the planned rise in the Spring Budget.

FSB National Chair, Martin McTague, said, “The Chancellor didn’t mention this fuel tax bombshell in his Autumn Statement, with the Government instead slipping it out in weighty official documents afterwards.

“If fuel duty rises as planned, it would represent a missed opportunity to remove one of the obstacles that will hinder growth – but the Chancellor still has the power to rectify that mistake in next month’s Spring Statement.

“Small firms are already struggling with a cost of doing business crisis, led by rampant inflation and high energy bills. This is the worst possible time to pile on extra taxes.”

Thinking of appointing Dolan Accountancy?

Give us a call on 01442 795 100 or email

Email Jaime

Martin added, “FSB is particularly concerned about the impact this will have on rural small firms – for instance, a cosy coffee shop in the southwest that relies on customers driving there if petrol becomes more expensive. Firms that rely on cars and vans for petrol, such as delivery services, tradespeople and farmers, would also bear the weight of the impact.

“The Government must support the small businesses that form the backbone of our rural economy. But now, many of these businesses face the harsh reality of downsizing, closing or changing their business models.

“Small businesses played a significant role in driving the economy and getting people into work after the 2008 financial crisis. The Government is making the right noises about the tools needed for them to get through and thrive – let’s not pull the handbrake on growth with a fuel duty hike.”

To find out more about contracting please contact Jaime on 01442 795 100 or email

You may also like to read

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email or