Fossil Fuels: VAT

Treasury written question – answered on 3rd October 2019.

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Photo of Alex Norris Alex Norris Labour/Co-operative, Nottingham North

To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential effect on the environment of an increase in VAT on fossil fuels.

Photo of Jesse Norman Jesse Norman Financial Secretary to the Treasury and Paymaster General

HM Treasury has no current plans to increase VAT on fossil fuels. All taxes are kept under review and decisions on tax and their impact are considered as part of the normal fiscal policy making process.

The Government takes its environmental responsibilities very seriously and has commitments to reduce greenhouse gas emissions under the Climate Change Act 2008, as well as the Paris Agreement, which was ratified in November 2016.

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