Banning traditional cars ‘will leave large tax gap’

Banning new diesel and petrol vehicles from 2040 will leave a gaping hole in the Treasury’s finances as fuel duties would be wiped out. That’s according to Kevin Nicholson, Head of Tax at PwC UK, who said the mass adoption of electric vehicles (EVs) would signal the culmination of a trend towards ever-lower fuel tax revenues […]

Oil and gas recovery vital for Scottish economy

The oil and gas sector delivers more for the Scottish economy than any other sector and a 1% increase in recovery in the North Sea would add £22 billion of extra tax revenue. Scotland’s Energy Minister Fergus Ewing is expected to explain the importance of the industry’s success and the “huge benefits” of maximising oil […]