Motor Vehicles: Excise Duties

(asked on 18th January 2017) - View Source

Question to the Department for Transport:

To ask Her Majesty’s Government what was the total amount raised by Vehicle Excise Duty in each of the two years prior to abolition of the tax disc, and in each of the subsequent years.


Answered by
 Portrait
Lord Ahmad of Wimbledon
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 31st January 2017

The amount of vehicle excise duty collected varies year on year. A decrease of £300 million in vehicle excise duty income between 2014-15 and 2015-16 was previously forecast by the Office for Budget Responsibility due to expected decreases in the average cost of licences issued as vehicles continue to become more fuel-efficient. The actual reduction for the financial year 2015-16 was £93 million.

The tax disc was abolished in October 2014.

The following table shows the net revenue for each full financial year prior to and after the abolition of tax disc:

Year

Vehicle Excise Duty collected £m

2012-13

£6,013

2013-14

£6,052

2014-15

£6.023

2015-16

£5,930

Reticulating Splines