Policy paper
Fuel duty: fuel additives and extenders and the warehousing of bioethanol used in the production of biodiesel
This Tax Information and Impact Note explains Fuel Duty, fuel additives and extenders and the warehousing of bioethanol used in the production of biodiesel.
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Details
The measure provides for additives or extenders that are used, or set aside for use, in hydrocarbon oil on which a rebate of duty has been allowed to be charged at the same rebated rate as the oil to which they are added. The amendment to the Biofuels and Other Fuel Substitutes (Payment of Excise Duties etc) Regulations 2004 also legislate for an Extra Statutory Concession relating to the warehousing of bioethanol for the production of biodiesel.
Published 1 April 2014