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Tax Yields: Environment Protection

Treasury written question – answered on 17th October 2011.

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Photo of Damian Hinds Damian Hinds Conservative, East Hampshire

To ask the Chancellor of the Exchequer what estimate he has made of the proportion of tax revenue which will come from green taxes in each of the next four years resulting from measures introduced (a) since and (b) before May 2010.

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury

The Government are currently finalising their definition of environmental taxes. This will establish a baseline against which the Government's commitment to increase the proportion of revenue from environmental taxes can be measured:

The estimated total percentage of revenue raised by environment taxes, as a proportion of all taxes in the March 2010 Budget was forecast as being 0.4%. The previous Government defined, the following as environmental taxes: landfill tax, aggregates levy, climate change levy and the EU Emissions Trading Scheme.

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