Skip to main content

Fuel Levy

Volume 404: debated on Tuesday 6 May 2003

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Chancellor of the Exchequer how much he estimates will be raised by the extra 1p levy on red diesel; and how much it will cost to provide the reduced tractor duty levy in a full year. [111267]

The estimated yield from the increase in duty on rebated fuels of 1p above revalorisation is given in Table A.1 of this year's Financial Statement and Budget Report (HC 500), a copy of which is available in the Library of the House.Budget 2001 abolished VED on tractors, similar agricultural vehicles and all other vehicles that previously qualified for a special concessionary VED rate; the cost of that exemption was estimated in Table A.11 of that year's Financial Statement and Budget Report (HC 279), a copy of which is also available in the Library of the House.