Review and assist in improving published HMRC documentation relating to the warehousing and movement of oils to confirm that it:
The review will include:
Notice 179 (Motor & heating fuels: General information and accounting for Excise Duty & VAT).
Contributing to a specific oils Notice covering inter alia the relevant parts of Notices 196 (Authorisation of warehousekeepers, Approval of Premises) and Notice 197 (Holding & Movement). This will be produced by HMRC after consultation with the working party and submitted to the working party for review and comment.
Reviewing/producing draft/published HMRC guidance covering the VAT treatment of warehoused oil and gas (to include the new VAT Notice currently being drafted).
Warehouse approvals including the interaction of oils/alcohol approvals.
The effect of the warehousing rules on special energy products, the related VAT treatment and associated documentary requirements.
The effect of bringing the flange into the tax warehouse.
The working party will be composed of representatives of the following:
HMRC Excise Duty Policy - Oils
HMRC Holdings and Movements
HMRC VAT Exports Policy (part time)
HMRC Excise Duty Policy – alcohols (part time)
UK Oil Industry Taxation Committee – Indirect Taxes Committee (UKOITC-ITC)
Tank Storage Association (TSA)
Association of UK Oil Independents (AUKOI)
For HMRC to propose.
