SCHEDULES

SCHEDULE 5Fuel duty: biodiesel and bioblend

5

In section 6AB (excise duty on bioblend), for subsections (3) and (4) substitute—

3

The rate per litre of duty under this section on any bioblend is the sum of—

a

HO% of the rate per litre of duty under section 6 in the case of heavy oil, and

b

BD% of the rate per litre of duty under section 6AA.

4

In subsection (3)—

  • “HO%” means the percentage of the bioblend that is heavy oil, and

  • “BD%” means the percentage of the bioblend that is biodiesel,

where the percentages are by volume to the nearest 0.001%.

4A

See section 14B (bioblend used other than as fuel for road vehicles) for rebates on duty charged under this section.