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Finance Act 2012

Section 188: Rates of duty and rebates from 1 August 2012 to 31 December 2012

Summary

1.Section 188 provides that the fuel duty changes made by Section 20 of Finance Act 2011 will now come into effect on 1 January 2013.

Details of the Section

2.The amendment introduces a new section to defer to 1 January 2013 the fuel duty increases which were legislated for in Section 20 of Finance Act 2011.

Background Note

3.Section 20 of the Finance Act 2011 sets out the rates of fuel duty and rebates with effect from 1 January 2012. At last year’s Autumn Statement the Chancellor of the Exchequer announced that these increases in duty would be deferred to 1 August 2012. Secondary legislation was introduced in the form of the Excise Duties (Surcharges or Rebates) (Hydrocarbon Oils etc) Order 2011 (S.I. 2011/ 2904) and the Excise Duties (Road Fuel Gas) (Reliefs) (No.2) Regulations 2011 (S.I. 2011/3064) (made under vires in section 20AA of the Hydrocarbon Oils Duties Act 1979), the effect of which has been to delay any increase to 1 August 2012.

4.To support motorists with the cost of fuel, the Government will defer the 3.02ppl fuel duty increase that would have taken effect on 1 August 2012 to 1 January 2013. This clause provides for this.

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