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tax scrapped on biofuel
tomkbucks:
in this months LRO mentions this - so does this mean i can now put cooking oil in the car without needing to pay duty on it ?
datalas:
I'm not 100% convinced of the accuracy of this, so please check, but ISTR it's up to the first 2500l of the stuff...
Wolfie:
Have a look at http://www.hmrc.gov.uk/briefs/excise-duty/brief4307.htm which announces this change. Unfortunately Notice 179E hasn't yet been updated as far as I can see.
Does cooking oil actually satisfy the technical requirements to be classesd as a biofuel? or is it just a fuel substitute?
I also believe that there are requirements for record keeping such that if HMCE decide to investigate you, it is down to you to prove that you have satisfied the rules.
Make sure you understand everyting fully before you decide to use anything other than fuel out of a filling ststion pump. I'm sure that the penalties if you make a mistake will be far greater than any savings you make.
tomkbucks:
i was not suggesting a trip to tesco , but following on from the 5th gear they did a few months back about recycling cooking oil i just thought this may be possiable ? if anyone has this months LRO check it out
mistabushi:
as far as i can see we are allowed to use 2,500 ltrs of biofuel before we pay duty on it :D i have a look here
http://www.hmrc.gov.uk/si/2007-1640.pdf
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