Carbon Emissions: Taxation

Summary

To ask the Chancellor of the Exchequer, with reference to the Written Statement of 16 April 2026 on Carbon Price Support, HCWS1519, what estimate her Department has made of the cost to tax revenues of abolishing Carbon Price Support in each financial year

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Timeline

1. 16 April 2026

   Written question

   To ask the Chancellor of the Exchequer, with reference to the Written Statement of 16 April 2026 on Carbon Price Support, HCWS1519, what estimate her Department has made of the cost to tax revenues of abolishing Carbon Price Support in each financial year

   Source: Commons

2. 22 April 2026

   Answer

   As the grid continues to decarbonise, the Carbon Price Support (CPS) tax base will become smaller and CPS revenue is forecast to significantly decline.Final costings will be confirmed at a fiscal event in the usual way. The Chancellor will set out details...

   Source: Written answer

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• · Treasury · Answering body

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