Fuels: Tax Yields

(asked on 5th March 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what estimate they have made of any future revenue deficit due to a decrease in sales of petrol and diesel fuel as a result of an increase in clean energy alternatives; and what plans they have, if any, to compensate for such loss.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 18th March 2020

Fuel duty will continue to play an important role in the tax system in the short and medium term. Technology is changing many aspects of the economy, including vehicles, and the Government keeps under active consideration how the tax system will need to adapt to manage these changes.

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