Written question asked by Lord Marlesford (Conservative) on Wednesday, 1 November 2017, in the House of Lords. It was due for an answer on Wednesday, 15 November 2017. It was answered by Lord Bates (Conservative) on Wednesday, 15 November 2017 on behalf of the Treasury.
Motor Vehicles: Taxation
- Question
-
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.
- Answer
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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.
Secondary information
- Type
- Written question
- Reference
- HL2816
- Session
- 2017-19
- Subjects
- Finance Motor vehicles Taxation Highways England
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-06-09 16:27:03 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL2816
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