Fossil Fuels: Taxation

(asked on 22nd March 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will publish his Department's assumptions on tax revenue from (a) VAT and (b) profits on fossil fuel sales over the next 12 months.


Answered by
Lucy Frazer Portrait
Lucy Frazer
Secretary of State for Culture, Media and Sport
This question was answered on 30th March 2022

The Office for Budget Responsibility (OBR) provides independent analysis on the UK public finances, publishing its latest Economic and Fiscal Outlook (EFO) on the 23rd of March 2022.

Table 3.4 in the EFO contains a comprehensive forecast of tax receipts over a 5 year period.

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