,321m from 'ties
21st February 1969, Page 29
21st February 1969
Page 29
Page 29, 21st February 1969
— ,321m from 'ties
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'he duty on petrol and heavy oil used id vehicles would need to be increased least Is 8d a gallon to produce extra tie equal to the yield of the motor e excise licence duties, said a Governspokesman last week.
e estimate came from Mr. Harold , Financial Secretary to the Treasury, answering Commons questions about es taxes. He added that increasing all e licences by £10 a year would mean a ie increase of £139m in a full year.
e estimated revenue from vehicle exiuty in 1968 was £361m, said Mr. , while petrol and Dery duty would 1:960m revenue.