Motor Vehicles: Excise Duties

Treasury written question – answered on 4th May 2020.

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Photo of Lord Bradshaw Lord Bradshaw Liberal Democrat

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.

Photo of Lord Agnew of Oulton Lord Agnew of Oulton Minister of State (HM Treasury), Minister of State (Cabinet Office)

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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