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Tax Yields (Motor Spirit And Derv)

Volume 890: debated on Monday 21 April 1975

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asked the Chancellor of the Exchequer what is the estimated revenue obtained from value added tax on motor spirit and derv, respectively, in 1974–75 and in the current financial year.

It is estimated that net receipts in 1974–75 from VAT on petrol were about £130 million. The estimate for 1975–76 is £400 million. Net revenue from sales of diesel oil is likely to be small.

asked the Chancellor of the Exchequer what is the estimated revenue obtained from excise duty on motor spirit and derv, respectively, in 1974–75 and in the current financial year.

Net receipts for excise duty on motor spirit and derv are published in the Annual Reports of the Commissioners of Her Majesty's Customs and Excise. Provisional figures for 1974–75 are not yet available. The estimate for all road fuel in 1975–76 is £1,400 million; separate estimates for motor spirit and derv are not available.