HC Deb 21 April 1998 vol 310 cc550-1W
Mr. Syms

To ask the Secretary of State for the Environment, Transport and the Regions what estimate he has made of the additional revenue that will be raised in(a) 1998–99, (b) 1999–2000, (c) 2000–01, (d) 2001–02 and (e) 2002–03 from excluding cars built after 1 January 1973 from the exemption of historic vehicles from road tax. [38717]

Ms Glenda Jackson

The additional revenue is expected to be some £3 million in each of the financial years from 1998–1999. However, the rate of scrapping of vehicles over twenty-five years old is significant and this will largely offset annual growth in the additional revenue.