Motor Sports: Alternative Fuels
The question
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of removing the tax on sustainable fuel on the UK's motorsport sector.
Answered by Dan Tomlinson
Liquid biofuels and renewable fuels are taxed at the same rate as their petrol and diesel equivalents. The main rate is 52.95 pence per litre. The government keeps the tax system under review, with changes announced at fiscal events.
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