Motor Vehicles: Excise Duties

(asked on 21st April 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of any impact in the reduction of vehicles running on diesel and petrol on tax revenue.


Answered by
Lord Agnew of Oulton Portrait
Lord Agnew of Oulton
This question was answered on 4th May 2020

Any fall in demand for road fuels impacts fuel duty revenue. Fuel duty is an important source of revenue, and the government keeps receipts under review. HMRC publish fuel duty statistics as part of the Hydrocarbon Oils Bulletin.

This contains data up to February 2020 and data up to May 2020 will be published here in June. The work of the last ten years in bringing borrowing and debt back under control has ensured that the public finances are well placed to deal with the challenges posed by COVID-19.

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