Subject to the conditions described in Notice 179, registered producers of fuel substitutes, biodiesel, bioethanol and their blends may defer their excise duty. They will need to obtain a deferment account and make their payments via BACS or CHAPS.
Biofuel and fuel substitute producers will need to provide a
guarantee if they are going to defer their excise duty liability.
At the time of publishing this guarantee must be sufficient to
cover one month’s maximum excise duty liability, or £9.5
million, whichever is the lower.
Details of how to obtain a deferment account and the excise
duty accounting procedures are given in Public Notice 179.
However from 1 February 2007 some traders may become authorised
to defer or make payments without a guarantee, providing that they
meet the eligibility and authorisation criteria for the Excise
Payment Security System (EPSS)
For further information on EPSS see
HCOBIG9300
