ÀÏ˾»úÎçÒ¹¸£Àû

Home/ Fuels—post-Brexit transition guidance from HMRC
Tax News

Fuels—post-Brexit transition guidance from HMRC

Published on: 27 January 2021
Published by a

Specialist Tax Regulatory Materials

Article summary

HM Revenue and Customs (HMRC) has published updated guidance for those supplying or using fuel for vehicles. Subjects covered in this guidance include updates to reflect the end of the Brexit transition period for the type of fuel that can be legally used in different types of vehicles, relief that can be obtained for mineral oil put to certain uses, the UK Duty Stamps Scheme and the requirements and obligations for warehouse keepers of motor and heating fuels in the UK. While the Brexit transition/implementation period ended at 11pm on 31 December 2020 (IP completion day), the government continues to issue new and updated Brexit webpages and guidance documents on the associated legal and practical changes. Further guidance may be issued post-IP completion day, so stakeholders are advised to monitor these pages for updates.

Jurisdiction(s): England, Northern Ireland, Scotland, Wales and European Union

News
Show more + Show less -
Guidance
Show more + Show less -

Popular Articles

Owner-Managed Businesses

Allowable deductions for employee-related expenses

Allowable deductions for employee-related expensesThis guidance note covers the tax treatment of some common types of trading expenditure relating to employees. Some of these are disallowable under general principles, for example the wholly and exclusively test or capital versus revenue expenditure.

14 Sep 2022 09:49 | Produced by Tolley Read more Read more
Owner-Managed Businesses

Trade or hobby

Trade or hobbyInteraction of hobby farming rules and commercialityFarming has its own set of ‘hobby farming rules’, which historically have stated that a profit must be made every six years. This is known as ‘the five-year rule’, in that there can be five years of losses but there must be a profit

14 Jul 2020 13:50 | Produced by Tolley Read more Read more
Corporation Tax

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more Read more