Connect with us

Hi, what are you looking for?

United Kingdom

Treasury down £2.5 billion in fuel duty since lockdown, says HMRC

The Treasury has lost more than £2.5 billion in fuel duty since lockdown was introduced.

Her Majesty’s Revenue and Customs (HMRC) reports the Government received £4.1 billion from petrol and diesel sales between March and May in 2020.

The same period last year saw a revenue of £6.6 billion.

Advertisement

AA president Edmund King said:

“These startling figures show that the collapse in car use is costing the Treasury billions.

“The AA’s tracking of car trips since March 23rd showed a fall of up to 80% of trips in the early weeks of lockdown.

“Even though traffic has increased in recent weeks it is still much lower, particularly in the evenings and weekends, which is also reflected in our breakdown figures.

“These new statistics illustrate just how much central and local government rely on tax, parking charges and fines from car owners to support public finances.”

Motorists pay 57.95p in fuel duty for each litre of petrol and diesel they buy.

The sum has been frozen since March 2011.

 

Comments

Latest Tweets

Advertisement

You May Also Like

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...

Business

The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

The Tremeloes. Dave Munden centre Dave Munden the Tremeloes drummer – and often lead singer – with the 60s chart toppers has died. He...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...