Green Taxes Doubled in the UK
June 2, 2015 Taxation in UK
LONDON – The amount that UK taxpayers pay in green taxes is rising each year, and has already exceeded the average for the EU.
A new report issued by the UK Office for National Statistics on June 1st has shown that over the last 20 years the amount of tax revenue collected from environmental taxes has more doubled.
In 2014 the government of the UK collected GBP 44.6 billion from green taxes on fuel, air flights, cars, landfills, and household energy, while in 1993 the level was only GBP 17.6 billion.
It is estimated that over the last 20 years the amount of tax collected from green taxes in the UK rose by an average of 5 percent per year.
Currently the collection of environmental taxes accounts for 7.5 percent of all taxes collected in the country, and approximately 2.5 percent of the national GDP.
The burden of green taxes is higher than the average in the EU, where such levies contribute 6.3 percent of all taxes, and only 2.4 percent of the GDP.
Photo By: SMU Central University Libraries