Taking the duty of Rape oil
New Government regulations are about to come into force which will open up the market for biofuel production in the UK.
At present the law requires anyone producing any quantity of a biofuel (mostly biodiesel in the UK) to pay duty of 28.35p on every litre.
Additionally producers must submit returns to HM Revenue & Customs and hold a permit, however, from 30th June 2007 the following changes come into force:
- A production threshold of 2,500 litres per annum below which producers will not need to submit returns or pay duty, ....
This fundamental change in regulation means that everyone will have the opportunity to produce enough biofuel for their own personal consumption, duty free.
One to look into, that field of Oilseed Rape looks like a good idea ....