Petrol

HC Deb 19 April 1994 vol 241 cc424-5W

Mr. Nigel Evans

To ask the Chancellor of the Exchequer what was the total excise and revenue raised from petrol sales in(a) 1990–91, (b) 1991–92 and (c) 1992–93.

Sir John Cope

Information on the excise duty and VAT revenue raised from petrol sales in(a) 1990–91, (b) 1991–92 and (c) 1992–93 is provided in the table:

£ billion
	1990–91	1991–92	1992–93
Excise duty	7.0	8.0	8.2
VAT (estimated)	1.3	1.5	1.6
Total tax revenue	8.3	9.6	9.7

Note: Components do not necessarilyt sum to the total due to rounding.

No direct figures are available for the VAT raised on petrol. An estimate has been made using national accounts data; it covers only consumers' expenditure—the yield from business is highly uncertain because the majority of businesses can reclaim the VAT paid as in-put tax.

Mr. Nigel Evans

To ask the Chancellor of the Exchequer what was the total income to the Treasury from value added tax on petrol in 1992–93.

Sir John Cope

The total income to the Treasury from value added tax on petrol in 1992–93 is estimated at £1.6 billion.

No direct figures are available for the VAT raised on petrol. An estimate has been made using national accounts data; it covers only consumers' expenditure—the yield from business is highly uncertain because the majority of businesses can reclaim the VAT paid as in-put tax.