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HMRC consultation on biofuels
Some of you may or may not be aware that HMRC have recently been consulting on relaxing the need for registration if you are a home user/producer of biodiesel.
What was laid out in the consultation was basically that if you are a home producer and make/use under 2500ltrs of boifuel a year then you would not need to register and pay. Apparently HMRC are getting inundated with the paperwork and administration that goes with dealing with small producers and its is just not cost effective to do so.
The consultation is over and it would appear (though dont quote me on this) that by the summer, when they get the legislation in place, small producers will no longer need to register.
http://www.vegetableoildiesel.co.uk/...d.php?tid=2350
Cheers
Mike
What was laid out in the consultation was basically that if you are a home producer and make/use under 2500ltrs of boifuel a year then you would not need to register and pay. Apparently HMRC are getting inundated with the paperwork and administration that goes with dealing with small producers and its is just not cost effective to do so.
The consultation is over and it would appear (though dont quote me on this) that by the summer, when they get the legislation in place, small producers will no longer need to register.
"7.49 At Budget 2006 the Government announced that it would review the definition of
biodiesel in the Hydrocarbon Oil Duties Act 1979 to ensure that environmentally friendly
fuels continue to receive recognition through the duty system. The review concluded that the
definition should be kept under active review as new fuels and approaches emerge. HM
Revenue and Customs (HMRC) also issued at the 2006 Pre-Budget Report further guidance on
testing biodiesel against the current definition. Following consultation, HMRC will relax
requirements for small biofuels producers to register and submit returns and reduce the
requirement for all but the largest producers from monthly to quarterly returns.
biodiesel in the Hydrocarbon Oil Duties Act 1979 to ensure that environmentally friendly
fuels continue to receive recognition through the duty system. The review concluded that the
definition should be kept under active review as new fuels and approaches emerge. HM
Revenue and Customs (HMRC) also issued at the 2006 Pre-Budget Report further guidance on
testing biodiesel against the current definition. Following consultation, HMRC will relax
requirements for small biofuels producers to register and submit returns and reduce the
requirement for all but the largest producers from monthly to quarterly returns.
Cheers
Mike
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