Fuels: VAT

Summary

To ask the Chancellor of the Exchequer, what assessment she has made of the level of additional VAT revenue accruing to the Exchequer as a result of recent increases in fuel prices; and whether she has considered using additional VAT receipts to provide f

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Timeline

1. 15 June 2026

   Written question

   To ask the Chancellor of the Exchequer, what assessment she has made of the level of additional VAT revenue accruing to the Exchequer as a result of recent increases in fuel prices; and whether she has considered using additional VAT receipts to provide f

   Source: Commons

2. 23 June 2026

   Answer

   There is no VAT windfall from rising fuel or energy prices. The OBR assumes a direct offset, with higher spending on fuel largely matched by reduced spending elsewhere, leaving overall VAT receipts broadly unchanged. Previous OBR analysis also shows that ...

   Source: Written answer

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• · Treasury · Answering body

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