Updated motor and heating fuel notice
HMRC have updated Notice 179 entitled ‘Motor & heating fuels: General information and accounting for Excise Duty & VAT’. The new version of the notice cancels and replaces the previous version published in December 2009. The notice is aimed mainly at producers and warehousekeepers of motor and heating fuels as well as those requiring guidance on how to account for excise duty and VAT on motor and heating fuels.
The notice covers:
- The requirements and obligations for warehousekeepers of motor and heating fuels in the UK.
- Guidance on the accounting for excise duty and VAT charged upon these fuels in the UK.
The notice has been updated to reflect an extension to the netting arrangements for the supply of marine fuels. There have also been a number of other changes to the notice including clarifications to the guidance in respect of floating storage barges & short tanks.