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Taxation

HM Treasury written question – answered on 23rd November 2016.

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Photo of Jim McMahon Jim McMahon Shadow Minister (Communities and Local Government) (Devolution)

To ask Mr Chancellor of the Exchequer, how much was raised for the public purse from (a) Vehicle Excise Duty and (b) Fuel Duty in each year since 2011-12.

Photo of Jane Ellison Jane Ellison The Financial Secretary to the Treasury

The table below indicates revenues raised from Vehicle Excise Duty (VED) and fuel duty since financial year 2011-12:

Financial year

Vehicle Excise Duty collected (£bn)

Fuel duty collected (£bn)

2011-12

5.9

26.8

2012-13

6.0

26.5

2013-14

6.0

26.8

2014-15

6.1

27.1

2015-16

5.6

27.6

The Government recognises that fuel costs remain a significant part of business and household costs and at a time when petrol prices are rising and the value of the pound is falling it is important that we focus on the cost of living to ensure we’re protecting the public from any additional costs on their fuel. For this reason, at Autumn Statement 2016, the Government announced the main rate of fuel duty will be frozen for the seventh successive year, saving the average driver £130 every year compared to what they would have been paying under pre-2010 escalator plans.

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