Source · Select Committees · Public Accounts Committee
Fifty-Fifth Report - Environmental tax measures
Public Accounts Committee
HC 937
Published 28 April 2021
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Fifty-fifth report from Session 2019-21 · published 2 Sep 2021
Recommendations & Conclusions
8
Conclusion
Acknowledged
HM Treasury also said that two years ago it had been asked to prepare a...
Conclusion
HM Treasury also said that two years ago it had been asked to prepare a report on the costs and benefits of transition to net zero.12 This report was due in autumn 2020 but has been delayed.13 An interim report …
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Government Response Summary
The government confirms HM Treasury is actively supporting environmental goals through an ongoing analytical Net Zero Review, whose final report will highlight factors for designing policy to allocate transition costs.
HM Treasury
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15
Conclusion
Acknowledged
We pointed out that the ban on new petrol and diesel cars from 2030 is...
Conclusion
We pointed out that the ban on new petrol and diesel cars from 2030 is likely to have an impact on both the type of vehicles and volume of fuel purchased well before then.27 Under the lead of the Department …
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Government Response Summary
The government acknowledges the fiscal implications of the transition to net zero, particularly the erosion of motoring tax revenue, and states its intention to ensure revenue keeps pace and to plan for sufficiently early and broad consultation.
HM Treasury
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16
Conclusion
Acknowledged
It may also take time for government to introduce tax changes needed to make- up...
Conclusion
It may also take time for government to introduce tax changes needed to make- up for the reduction of fuel duty. The government normally consults on tax changes as it has recognised the importance of engaging with individuals, businesses and …
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Government Response Summary
The government acknowledged the fiscal implications of the transition to net zero, noting the need to ensure motoring tax revenue keeps pace and committing to early and broad consultation on future tax changes.
HM Treasury
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