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Fuel duty minor fix (#1325)
* Fuel duty minor fix * Add pytables to deps * Update tests * Update test --------- Co-authored-by: Nikhil Woodruff <nikhil.woodruff@outlook.com>
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changelog_entry.yaml

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- bump: minor
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changes:
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fixed:
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- Fuel duty is 52.95p per litre until 2026 where the temporary 5p cut is reversed, and then risen with RPI

policyengine_uk/parameters/gov/hmrc/fuel_duty/petrol_and_diesel.yaml

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value: 0.5295
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metadata:
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reference:
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- title: Costing Document - Spring Budget 2023 (page 25)
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href: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1142824/Costing_Document_-_Spring_Budget_2023.pdf#page=25
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- title: Costing Document - Spring Budget 2023 (page 25)
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href: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1142824/Costing_Document_-_Spring_Budget_2023.pdf#page=25
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2025-04-01:
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value: 0.5795
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value: 0.5295
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metadata:
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reference:
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- title: Costing Document - Spring Budget 2023 (page 25)
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href: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1142824/Costing_Document_-_Spring_Budget_2023.pdf#page=25
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- title: Costing Document - Spring Budget 2023 (page 25)
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href: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1142824/Costing_Document_-_Spring_Budget_2023.pdf#page=25
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2026-03-22:
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value: 0.5295
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value: 0.5795
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metadata:
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reference:
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- title: Costing Document - Spring Budget 2025 (page 46)
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href: https://assets.publishing.service.gov.uk/media/67e562fc33afcd62e4ca4c9e/SS25_Published_Costing_Document.pdf#page=46
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- title: Costing Document - Spring Budget 2025 (page 46)
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href: https://assets.publishing.service.gov.uk/media/67e562fc33afcd62e4ca4c9e/SS25_Published_Costing_Document.pdf#page=46
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metadata:
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unit: currency-GBP
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name: fuel_duty_rate
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reforms:
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- name: Raise basic rate by 1pp
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expected_impact: 8.0
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expected_impact: 8.1
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parameters:
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gov.hmrc.income_tax.rates.uk[0].rate: 0.21
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- name: Raise higher rate by 1pp
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expected_impact: 4.8
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expected_impact: 5.0
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parameters:
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gov.hmrc.income_tax.rates.uk[1].rate: 0.42
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- name: Raise personal allowance by ~800GBP/year
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parameters:
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gov.hmrc.child_benefit.amount.additional: 25
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- name: Reduce Universal Credit taper rate to 20%
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expected_impact: -33.7
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expected_impact: -33.4
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parameters:
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gov.dwp.universal_credit.means_test.reduction_rate: 0.2
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- name: Raise Class 1 main employee NICs rate to 10%
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expected_impact: 12.7
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expected_impact: 12.5
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parameters:
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gov.hmrc.national_insurance.class_1.rates.employee.main: 0.1
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- name: Raise VAT standard rate by 2pp
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expected_impact: 20.9
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expected_impact: 21.1
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parameters:
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gov.hmrc.vat.standard_rate: 0.22
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- name: Raise additional rate by 3pp
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expected_impact: 5.1
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expected_impact: 5.2
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parameters:
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gov.hmrc.income_tax.rates.uk[2].rate: 0.48

pyproject.toml

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"policyengine-core>=3.19.3",
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"microdf-python>=1.0.2",
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"pydantic>=2.11.7",
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"tables>=3.10.2",
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]
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[project.urls]

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