Red Diesel.

HM Revenue and Customs published its consultation paper about red diesel on 1^st August.  Following representations by IWA, British Marine Federation, Royal Yachting Association and the Federation of Petroleum Suppliers, one option put forward is to allow the continued use of red diesel, although at a higher rate of duty, saving the significant cost of fuel infrastructure and equipment aboard boats.  This option is also preferred by H M Customs & Revenue.  The consultation, which also includes other options currently not preferred by Government, is open to all members of the public –<stockticker>CMI is encouraging individual boaters to make their own submission.

H M Revenue and Customs

Energy Products Directive – Expiry of the Derogation for Private Pleasure Boats

This consultation document seeks views on the possible options for complying with the Energy Products Directive following the expiry of the derogations permitting the application of reduced rates on fuel (i.e. red diesel) used by private pleasure boats.

www.hmrc.gov.uk/consultations/  (click ‘current consultations’)

Closing date for comments: 31^st October 2007