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Treasury says switch to electric cars will leave a hole in tax revenues


Is road pricing looming? Treasury says switch to electric cars will leave a hole in tax revenues and it is considering how to offset lost income
Treasury says in latest Net Zero Emission review that it faces a fiscal black hole from lost revenues generated from drivers through vehicle and fuel taxes
It says government will need to consider how to offset these lost tax revenues
This could be achieved through adjustments to other taxes or reductions in government spending
Rishi Sunak is reportedly in favour of a pay-as-you-drive road pricing scheme
The UK Energy Research Centre has proposed higher purchase taxes on new petrol and diesel cars in the lead-up to the ban on petrol and diesel sales in 2030 ....

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Treasury says move to electric cars will leave a hole in tax revenues


Treasury says move to electric cars will leave a hole in tax revenues
Rob Hull For Thisismoney.co.uk
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The Treasury has said it must consider how to offset a fiscal black hole from lost tax income when drivers transition to electric vehicles in its latest report.
It said it will be forced to increase other taxes or cut funding for services to compensate for the loss in taxes on polluting cars as well as fuel duty. 
The report comes admit reports that Rishi Sunak is reportedly in favour of a road pricing scheme, which could see motorists charged for every mile they drive. ....

United Kingdom , City Of , Rob Gross , Doug Parr , Boris Johnson , United Kingdom Energy Research Centre , Rishi Sunak , Net Zero Review Interim Report , Excise Duty , Ten Point Plan , Chancellor Rishi Sunak , Congestion Zone , Edmund King , Road Mile , Road Miles , Energy Policy , Professor Rob Gross , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , கொள்ளை மொத்த , டக் பார் , போரிஸ் ஜான்சன் , ஒன்றுபட்டது கிஂக்டம் ஆற்றல் ஆராய்ச்சி மையம் , ரிஷி சுனக் , நிகர பூஜ்யம் விமர்சனம் இடைக்கால அறிக்கை , கலால் கடமை ,