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Finance Act 2016

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Finance Act 2016, Paragraph 2 is up to date with all changes known to be in force on or before 08 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

2U.K.After section 2AB insert—

2ACAqua methanol

In this Act “aqua methanol” means a liquid fuel which meets each of the following conditions—

(a)the amount of water it contains is not less than 4.7 per cent and not more than 5.3 per cent by volume,

(b)the amount of methanol it contains is not less than 96 per cent by volume of the remainder of the substance, and

(c)at a temperature of 15°C and under a pressure of 1013.25 millibars, it has a density of not less than 0.81 g/ml and not more than 0.82 g/ml.

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