HM Treasury

Taxation, work and welfare

Tax and the environment

Latest information

Chapter 7: Supporting low-carbon growth of the 2009 Pre-Budget Report contains the latest announcements on environment and transport taxes, and their link to wider Government policy.

Environment and transport taxation policy

Objectives

Environment and Transport Tax policy is guided by three of the Treasury's Departmental Strategic Objectives:

As such the Treasury aims to develop tax options that support the Government’s environment policy, while maintaining sound public finances. Transport taxes can also have a positive impact on the environment, but are primarily revenue raising instruments.

Economic Instruments and the Environment

More specifically on tax, the Treasury/Government's strategic approach to environmental taxation is set out in various forms in a number of places:

Key published documents and resources

The Government Response to the Environmental Audit Committee’s Third Report of Session 2008-09 on PBR 2008

EU Emissions Trading Scheme

Climate Change Levy

Landfill Tax

Aggregates Levy

Landlord Energy Savings Allowance

Enhanced Capital Allowances

Aviation

Vehicle Excise Duty

Fuel Duty

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