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39.
Mr. Nicholls
asked the Chancellor of the Exchequer what has been the effect on estimated tax yields for 1984–85 of fluctuations in the retail price of petrol and diesel.
Mr. Hayhoe
The 1984–85 Budget forecast for revenue from hydrocarbon oil was achieved. Although short-term price fluctuation may affect the yields of value added tax and excise duties, these effects are generally small, and cannot be determined in isolation.