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HMRC internal manual

Oils Technical Manual

Central accounting points: Details of those functions carried out by the trader at the CAP: Netting

Traders approved for duty deferment may also be approved to set-off drawback and certain other repayments of excise duty against the duty due from them under the deferment arrangements.

This procedure is known as “netting” and is intended to allow oil companies to make supplies from duty paid storage locations at duty exclusive prices.

Deliveries under the netting procedures may only be made from duty-paid sites nominated for the purpose for a specific authorised use.

Further details may be found in Notice 179 section 12 and HCODA (X-99: Oils Duty Assurance) Guidance.

You should ensure that trader’s commercial records are adequate to support the schedules and claims in the HO65 series as required by Notice 179.