HC Deb 03 December 1980 vol 995 c114W
Mr. Skeet

asked the Chancellor of the Exchequer what is the total taxation (a) levied on oil and petroleum products, (b) secured from the petroleum industry in petroleum revenue tax, corporation tax, royalties, rentals and so on and (c) levied on motor vehicles.

Mr. Peter Rees

The figures for the year 1979–80 are as follows:

  1. (a) total excise duty on hydrocarbons plus VAT on petrol—about £3,355 million.
  2. (b) total of petroleum revenue tax, "ring fence" corporation tax and royalties—about £2,230 million.
  3. (c) total of vehicle excise duty, VAT and corporation tax—about £2,535 million.