Following a recent review of the Tied Oils scheme we wish to confirm the requirements for sending in HO34 returns, particularly with regard to Warehouses.
Tied oils are oils which are delivered relieved of excise duty when they are put to an eligible use. Certain suppliers and distributors of these oils must be approved by HM Revenue & Customs (HMRC) before they can trade in such products. The conditions of such approvals may also require those dealing in tied oils to complete and send to HMRC returns (on form HO34) detailing the quantities of tied oils traded in a given accounting period.
Although not formally approved under the Tied Oils Scheme, Warehouses trading in such products are obliged to complete and send in HO34 returns. However, the review revealed that some warehouse keepers who deal in tied oils have not been sending in the returns as required by Section 13.17 of our Public Notice 184A - Mineral (Hydrocarbon) Oil put to certain use: Excise Duty Relief
Warehouse keepers need do nothing further at this stage. We will be writing to relevant warehouse keepers to determine whether they supply tied oils and consequently need to complete and send in HO34 return forms. Arrangements can then be made to ensure Returns are sent out from a future date. For advice on completing the Return or any other queries, warehouse keepers should contact our National Advice Service on Tel 0845 010 9000.
Issued 9 February 2009
