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WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY CONNÉTABLE OF ST. JOHN
ANSWER TO BE TABLED ON TUESDAY 5th JULY 2011
Question
Would the Minister provide details of how much revenue has been raised annually since car tax was removed and a charge per litre of fuel was introduced?
Answer
Motor Tax was abolished in December 1993 and resulted in an annual loss of £1.3 million. In the budget of that year an additional 2.56p of Impôts (excise) duty was added per litre of unleaded petrol and an extra 0.85p excise duty was added per litre of diesel to replace this loss. This resulted in additional yield in 1994 of £1.31 million from fuel duty
The total annual revenue yield from Impôts (excise) duty on fuel since 1994 is as follows:
1994 | £4.3 million | 2003 | £16.4 million |
1995 | £4.6 million | 2004 | £18.7 million |
1996 | £5.2 million | 2005 | £18.5 million |
1997 | £5.8 million | 2006 | £19.1 million |
1998 | £8.4 million | 2007 | £19.8 million |
1999 | £10.9 million | 2008 | £20.5 million |
2000 | £11.8 million | 2009 | £20.7 million |
2001 | £11.7 million | 2010 | £20.3 million |
2002 | £14.0 million |
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