The following statutory instruments have been issued:
The Aqua Methanol (Use as Additive or Extender) (Rates of Excise Duty) Order, SI 2016/975, prescribes the rates of excise duty on aqua methanol (a fuel that is 95% methanol and 5% water) used, or set aside for use, as an additive or extender in fuel for any engine, motor or other machinery with effect from 14 November 2016. The rate will be that applicable for the fuel in which the aqua methanol is used as an additive or extender, unless there is no relevant entry in the motor fuels record, in which case it will be the rate applicable to light oil other than unleaded petrol. The rate of duty for aqua methanol used as fuel has been set at 7.90 pence per litre.
The Biofuels and Hydrocarbon Oil Duties (Miscellaneous Amendment) Regulations, SI 2016/976, ensure that the principal regulations, which provide for the administration and collection of excise duties on biodiesel, bioethanol and other fuel substitutes, apply also to aqua methanol with effect from 14 November 2016.
The following statutory instruments have been issued:
The Aqua Methanol (Use as Additive or Extender) (Rates of Excise Duty) Order, SI 2016/975, prescribes the rates of excise duty on aqua methanol (a fuel that is 95% methanol and 5% water) used, or set aside for use, as an additive or extender in fuel for any engine, motor or other machinery with effect from 14 November 2016. The rate will be that applicable for the fuel in which the aqua methanol is used as an additive or extender, unless there is no relevant entry in the motor fuels record, in which case it will be the rate applicable to light oil other than unleaded petrol. The rate of duty for aqua methanol used as fuel has been set at 7.90 pence per litre.
The Biofuels and Hydrocarbon Oil Duties (Miscellaneous Amendment) Regulations, SI 2016/976, ensure that the principal regulations, which provide for the administration and collection of excise duties on biodiesel, bioethanol and other fuel substitutes, apply also to aqua methanol with effect from 14 November 2016.
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")