Finance Act 2003

Hydrocarbon oil duties U.K.

Valid from 01/10/2003

4 Rates of hydrocarbon oil duties U.K.

(1) In section 6(1A) of the Hydrocarbon Oil Duties Act 1979 (c. 5) (rates of duty)—

(a) in paragraph (a) (ultra low sulphur petrol) for “£0.4582” substitute “ £0.4710 ”,

(b) in paragraph (b) (other light oil) for “£0.5468” substitute “ £0.5620 ”,

(c) in paragraph (c) (ultra low sulphur diesel) for “£0.4582” substitute “ £0.4710 ”, and

(d) in paragraph (d) (other heavy oil) for “£0.5182” substitute “ £0.5327 ”.

(2) In section 6AA(3) of that Act (biodiesel duty) for “£0.2582” substitute “ £0.2710 ”.

(3) In section 13A(1) of that Act (rebate on unleaded petrol) for “£0.0586” substitute “ £0.0601 ”.

(4) This section shall come into force on 1st October 2003.

5 Rebates on hydrocarbon oil duties U.K.

(1) In section 11(1) of the Hydrocarbon Oil Duties Act 1979 (rebate on heavy oil)—

(a) in paragraph (a) (fuel oil) for “£0.0274” substitute “ £0.0382 ”,

(b) in paragraph (b) (gas oil: general) for “£0.0313” substitute “ £0.0422 ”, and

(c) in paragraph (ba) (ultra low sulphur diesel) for “£0.0313” substitute “ £0.0422 ”.

(2) In section 14(1) of that Act (furnace fuel) for “£0.0274” substitute “ £0.0382 ”.

(3) This section shall be deemed to have come into force at 6 o'clock in the evening of 9th April 2003.