Fuels: Excise Duties

(asked on 4th October 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what modelling assumptions her Department has made of revenue to the Exchequer arising from fuel duty in each of the next five financial years.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 14th October 2024

Fuel duty applies to petrol, diesel and other fuels for road and non-road uses, such as construction. The Government carefully considers the impact of fuel duty on households and businesses, with decisions on rates made at fiscal events.

Full forecasts for fuel duty revenue, certified by the Office for Budget Responsibility (OBR), will be published at Budget on 30 October.

HMRC regularly publish statistics relating to the direct effects of illustrative tax changes, including fuel duty. The most recent version of this publication can be found on GOV.UK:

https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes.

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