asked the Chancellor of the Exchequer what would be the loss to the Exchequer if the annual registration fee was reduced from £17 10s. per annum to £2 10s. per annum; and how much per gallon would have to be added to the present tax on petrol in order to recoup such a loss
I do not ask my hon. and learned Friend to anticipate his right hon. Friend's Budget, but I suggest that he has sufficient information in these two Questions to form the basis of a reasonable reform in April.
I do not know whether my hon. Friend appreciates that, since commercial and industrial vehicles use more petrol than private vehicles, what he is proposing would represent a substantial shift in taxation from private motoring to industrial costs.