Source · Select Committees · Public Accounts Committee
Recommendation 14
14
We asked what planning HM Treasury had undertaken to counteract the reduction in revenue from...
Conclusion
We asked what planning HM Treasury had undertaken to counteract the reduction in revenue from taxes on fossil fuels and greenhouse gases. It said that the government did not have a plan, but the reduction in revenue had been flagged and under review for several years, with ministers advised on long-term tax options. HM Treasury also said that the new regulation banning sales of new petrol and diesel cars would not take effect for another nine years in 2030.26
Government Response
A response document is linked to this report, dated 2 September 2021. Response attribution to this conclusion has not been verified. Read the response document ↗