Filling a tractor with red diesel© Tim Scrivener
Fears of a clampdown on red diesel use have eased after the government confirmed its commitment to providing the lower tax rate fuel to farmers. The fears that rules may be tightened were prompted by a Treasury announcement of a consultation on red diesel use that was buried within the Spring Budget. The consultation document, launched on 20 March, stated that red diesel attracted about 40% less duty at 11.14p/litre than white or road diesel, which is taxed at 57.95p/litre. With rebated […]
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