Motor Vehicles: Taxation
(asked on 1st November 2017) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what is the total annual revenue from taxation of motor vehicles; and what proportion of this is currently hypothecated for the Highways Agency.
This question was answered on 15th November 2017
The latest year available for a combined total annual revenue from taxation of motor vehicles is 2014/15. The total revenue in this year was £37bn.
Revenues from motoring taxes are used by the Exchequer to fund public services, and are currently not hypothecated for the Highways Agency. However, as announced at Summer Budget 2015, revenues from Vehicle Excise Duty in England will be hypothecated to a National Roads Fund from 2021.