20
Recommendation
Fifty-Fifth Report - Environmental tax …
Deferred
In September 2020, the Institute for Government called for HM Treasury to publish a tax roadmap to net zero, showing taxpayers how and when taxes might change.37 More recently, in February 2021, the House of Commons Treasury Committee recommended that the government should draw up a tax strategy for consultation …
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In September 2020, the Institute for Government called for HM Treasury to publish a tax roadmap to net zero, showing taxpayers how and when taxes might change.37 More recently, in February 2021, the House of Commons Treasury Committee recommended that the government should draw up a tax strategy for consultation that contains principles including for meeting climate change goals for net zero and other environmental objectives whilst giving consideration to those who are on lower incomes.38
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Government response AI summary
The government agrees with the recommendation but commits only to writing to the Committee on the pros and cons of setting out a longer-term roadmap on tax and net zero, noting that decisions on publication are for Ministers.
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HM Treasury
21
Conclusion
Fifty-Fifth Report - Environmental tax …
Deferred
Against this background, we asked HM Treasury whether it would publish its plans so that taxpayers may prepare for how and when taxes might need to change in order to achieve net zero. HM Treasury said that it was sure that in setting out its plans the government will be …
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Against this background, we asked HM Treasury whether it would publish its plans so that taxpayers may prepare for how and when taxes might need to change in order to achieve net zero. HM Treasury said that it was sure that in setting out its plans the government will be very conscious of the need to give households and businesses proper time to understand the nature of the transition and where the likely costs might fall, so that they can plan accordingly.39 31 Qq 35–36 32 HM Treasury, Budget 2021, HC 1226, March 2021, sections 2.85, 3.16 33 HM Treasury, Budget 2020, HC 121, March 2020, section 2.37 34 Q 49 35 Q 12 36 Q 85 37 C&AG’s Report, para 2.19 38 House of Commons Treasury Committee, Tax after coronavirus, Twelfth Report of Session 2019–21, HC 664, March 2021, page 5 39 Q 49 Environmental tax measures 13 2 Managing environmental tax measures Environmental impacts of tax measures
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Government response AI summary
The government agrees with the recommendation but commits only to writing to the Committee on the pros and cons of setting out a longer-term roadmap on tax and net zero, noting that decisions on publication are for Ministers.
Read full response →
HM Treasury