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Legislation
Finance Act 1998

Crossheading Hydrocarbon oil duties

  • Section 6 Charge on production without delivery.
  • Section 7 Rates of duties and rebates.
  • Section 8 Ultra low sulphur diesel.
  • Section 9 Mixtures of heavy oils.
  1. Hydrocarbon oil duties
  2. Rates of duties and rebates.

Section 7 | Rates of duties and rebates.

From legislation.gov.uk

(1)In section 6(1A) of the Hydrocarbon Oil Duties Act 1979 (rates of duty on hydrocarbon oil)—

(a)in paragraph (a) (light oil), for “£0.4510" there shall be substituted “ £0.4926 ”;

(b)in paragraph (b) (ultra low sulphur diesel), for “£0.3928" there shall be substituted “ £0.4299 ”; and

(c)in paragraph (c) (heavy oil that is not ultra low sulphur diesel), for “£0.4028" there shall be substituted “ £0.4499 ”.

(2)In section 11(1) of that Act (rebate on heavy oil)—

(a)in paragraph (a) (fuel oil), for “£0.0200" there shall be substituted “ £0.0218 ”; and

(b)in each of paragraphs (b) and (ba) (gas oil which is not ultra low sulphur diesel and ultra low sulphur diesel), for “£0.0258" there shall be substituted “ £0.0282 ”.

(3)In section 13A(1A) of that Act (rebate on unleaded petrol)—

(a)in paragraph (a) (higher octane unleaded petrol), for “£0.0150" there shall be substituted “ £0.0050 ”; and

(b)in paragraph (b) (other unleaded petrol), for “£0.0482" there shall be substituted “ £0.0527 ”.

(4)In section 14(1) of that Act (rebate on light oil for use as furnace fuel), for “£0.0200" there shall be substituted “ £0.0218 ”.

(5)This section shall be deemed to have come into force at 6 o’clock in the evening of 17th March 1998.

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