The Public Accounts Committee (PAC) has criticised a “lack of leadership and coordination” from HMRC and the Treasury in targeting environmental action.
Stephen Cirell and Geraint Lewis examine the need for an overhaul of motoring taxation as EV uptake skyrockets, and some of the potential solutions the government may well consider.
A cross-party group of MPs has piled pressure onto the government to use next week’s budget to implement greater tax incentives for electric vehicles just days after lobbyists for the automotive and green sectors did the same.
The government’s decision last year to remove the exemption for renewable energy from the Climate Change Levy (CCL) has substantially reduced the tax incentives for businesses to invest in large scale schemes, according to a senior environmental tax manager.
Leading businesses have called for mandatory carbon reporting to remain in place amidst rumours the measures could be cut as part of tax reforms.