HCOTEG10940 - Introduction and overview of oils activity: roles and responsibilities: Corporate Finance

Corporate Finance is a diverse service, which operates across the UK.

Banking Operations are based at Cumbernauld.

Their work includes:

  • receiving payment and accounting for tax and other liabilities;
  • processing declarations for HMRC taxes, duties, etc;
  • updating customer records; and
  • taking the correct action to bring in late returns and payments.

Corporate Finance has also processed declarations in addition to collecting and accounting for payments on rebated fuels.

Roles and responsibilities for fuel duty are:

  • HO10 bank receipts;
  • Biofuel and gas as road fuel receipts;
  • RDCO annual payments of private pleasure craft use for propulsion of boats / planes;
  • HO101 duty on sales of 'other heavy oil' i.e. waste / recycled oil used in furnaces.

Corporate Finance's address for general enquiries is:

Corporation Tax Services
HM Revenue and Customs
BX9 1AX

The Cumbernauld address is:

HM Revenue and Customs, HMRC Direct BX5 5BD.