HMRC have issued a new Revenue & Customs Brief (23/10) in respect of the relief scheme for biodiesel produced from waste cooking oil.
The brief explains that the new relief which was introduced on 1 April 2010 was implemented under the State Aid General Block Exemption regulation No 800/2008. This relief allows businesses producing biodiesel produced solely from waste cooking oil to continue to benefit by a 20 pence per litre lower duty. The relief will continue to be available until 31 March 2012.
Legislation was introduced from 1 April 2010 which amended the duty rates for biodiesel and bioethanol to become chargeable at the same rate as main road fuels. The relief mentioned above applies solely to businesses producing biodiesel from waste cooking oil.