Forecourt Trader - 30 years at the heart of the fuel retailing community
Retail » Money talk

Money Talk: Paper still supports your accounting system

Whenever we meet someone about to go into business for themselves, eventually the conversation gets down to practical matters: things like business bank accounts, choice of book-keeping system, EFT terminals, etc. A few even ask how long they'll have to keep their 'records'... ]

Money Talk: Budget 2016 - not so sweet for all of you

Rather surprisingly, the Chancellor decided to leave Fuel Duty unchanged in his March 2016 Budget perhaps influenced by the recent upward creep in pump prices- largely due to the pound/dollar exchange rate or maybe he just decided to keep his powder dry and save that option for the future. Of course, that wasn't the only surprise in the Budget: most media coverage has focused on the proposed 'Sugar Tax' on soft drinks, which wasn't expected especially, perhaps, from this government.

Money Talk: The big question - will fuel duty rise in the Budget?

Many retailers will doubtless remember that increases in duty were once routine - in fact automatic at virtually every Budget. Between 1993 and 2000, the increases were explicitly intended to be significantly above general inflation, regardless of which government was in office.

Money Talk: Don't let tax years and accounting dates fox you

Having just passed the annual self-assessment tax return deadline, hopefully your own return was in by January 31. Of course, that particular submission related to your personal tax calculations for the tax year 2014/15. Currently we're in tax year 2015/16, which runs until April 5, 2016.

Money Talk: Business health is still all about the cash flow

It started as so many of these contacts do a call from someone who had originally spoken to us about his prospective business nearly a year earlier, but then had gone quiet. This call was slightly awkward for him he'd taken up a friend's offer to 'look after' his accounting and was now a little desperate.

Money Talk: Some things change, others never seem to

Whatever the eventual fall out from the VW emissions scandal, there is a feeling in the air that we might come to look on 2015 as representing the high water mark of diesel road fuel here, across Europe, and almost certainly in the US.

Money Talk: Forecourt hourly pay rates rise to £6.67

As regular readers will be aware, each autumn we look at the hourly pay rates of thousands of staff working at hundreds of forecourts around the country, to obtain a picture of real pay rates in the petrol retail industry.

Money Talk: Diesel blues for some and bad apples for others

It happened in August. Motorists suddenly found pump prices of diesel were falling more steeply than those of unleaded. By the end of the month the unthinkable had happened on many forecourts diesel was actually cheaper than petrol. For some of the millions of today's diesel drivers this felt like the first time ever.

Money Talk: Heads in the cloud over the cost of accounting

There's a scenario that often plays out when we first meet a prospective new retail operator: after the usual exchange of pleasantries we listen to their plans for their new business; funding it, staffing and operating it. Eventually the conversation touches on their 'accounting' expectations. Nine times out of 10 their most immediate concern is VAT returns. Most are also sensible enough to realise that they'll need some form of management accounts; they know that trying to manage any business relying solely on annual financial accounts is a nonsensical proposition.

Money Talk: Mr Osborne's very unwelcome surprises

George Osborne presented his first proper Tory Budget on July 8 and, while it left many things unchanged from the earlier March version, there were some announcements that did take commentators particularly various employers' and business organisations by surprise. Probably the biggest of these surprises, and one that naturally hasn't gone down very well with employers, was the announcement of the National Living Wage (NLW). The pre-July Budget scenario was that there were increases to the National Minimum Wage (NMW) due to come into effect from October 1, with the resulting rates becoming:

My Account

You are not logged in.
  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 4 November 2019
RegionDieselLPGSuper ULUL
East130.9367.90138.13126.75
East Midlands130.73139.73126.64
London130.73139.60127.04
North East129.5562.90137.10125.31
North West129.9963.90138.40126.48
Northern Ireland128.05133.57124.33
Scotland130.6059.30137.24126.23
South East131.4566.90139.66127.42
South West130.7674.90137.94126.68
Wales129.84136.06125.42
West Midlands130.4059.90137.63126.57
Yorkshire & Humber130.02139.47126.29

Most read

When a major car manufacturer like Ford predicts that sales of its electrified cars will outnumber petrol and diesel models by 2022, does that ring alarm bells about the possible speed of change for forecourts?

Digital Edition