Small biodiesel producers will no longer have to pay duty of their fuel, while medium sized manufacturers will only have to pay quarterly rather than monthly. Under changes to the duty process which will come into force on Saturday (30 June) only those producing more than 450,000 litres per annum will not see any changes to the amount or way they pay duty. An HMRC spokesman says: "We can confirm that, with effect from 30 June, producers of biofuel of less than 2,500 litres annually will no longer need to pay any excise duty. Those producing up to 450,000 litres annually will only need to submit and pay returns quarterly.
Technorati tag: Biodiesel
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