Business & Commerce

#2026/164Özel Tüketim Vergileri (Ek Ücretler veya İadeler) (Hidrokarbon Yağları vb.) (2022 Tarihli Kararnamenin Geçici Devamı ve Ayarlamalar) 2026

🇬🇧United Kingdom··Statutory Instrument·Medium Impact·View source ↗

AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.

🇬🇧 English

Starting on March 23, 2026, this law temporarily changes how much excise duty is paid on liquid fuels, allowing for a deduction of up to 10%. This affects businesses and individuals who use or sell hydrocarbon oils, as they will either pay less duty or receive a higher rebate.

AI-generated summary. May contain errors. Refer to official sources for legal decisions.

Key Changes

  • Temporary adjustments to excise duty liabilities
  • Deductions from payable amounts up to 10%
  • Increased rebate allowances for eligible parties

Obligations

What this law requires

high

Apply a deduction of up to 10% from excise duty liabilities on liquid fuels chargeable under the Hydrocarbon Oil Duties Act 1979, effective from 23rd March 2026

Excise duty administrators, HM Revenue & Customs, businesses liable for hydrocarbon oil duties
operational
high

Calculate and allow rebates on excise duty for eligible liquid fuels with an addition of up to 10% to the amount of rebate allowable, where applicable

Excise duty administrators, HM Revenue & Customs, businesses entitled to claim rebates
operational
medium

Ensure adjustments to excise duty and rebates apply only to liquid fuels that are chargeable under the Hydrocarbon Oil Duties Act 1979

Excise duty administrators, HM Revenue & Customs, fuel suppliers and distributors
operational
high

Implement the temporary adjustments to excise duty liabilities and rebate rights with effect from 23rd March 2026

HM Revenue & Customs, excise duty collection authorities
operational

Affected Parties

Businesses using liquid fuelsIndividuals using liquid fuels+1 more…

Tags

excise duty,hydrocarbon oils,temporary adjustments