Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of reforms to (a) tax reliefs, (b) exemptions, and (c) any other fiscal measures relating to fossil fuels to support UK commitments under the Coalition on Phasing Out Fossil Fuel Incentives Including Subsidies.

While the UK has no fossil fuel subsidies, the UK is a longstanding supporter of fossil fuel subsidy reform efforts at both multilateral and bilateral levels and will continue to support the global effort to phase out inefficient fossil fuel subsidies.

The UK’s membership of the Coalition on Phasing Out Fossil Fuel Incentives Including Subsidies (COFFIS) demonstrates the UK’s continued engagement subsidy reform and its commitment to enhanced transparency.

The Government keeps all taxes under review.