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Vehicle Excise Duty

Volume 885: debated on Tuesday 28 January 1975

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asked the Chancellor of the Exchequer what is his estimate of the extra duty per gallon of petrol which would be required to cover the loss to revenue if vehicle excise duty were abolished.

An increase of about 12p per gallon in the rate of duty, together with the additional VAT payable on the higher duty-inclusive price, would cover the revenue loss from the abolition of vehicle excise duty, including that on commercial vehicles.