Search Legislation

Advanced Search

Finance (No. 2) Act 1997

Status:

This is the original version (as it was originally enacted).

Hydrocarbon oil duties

11Rates of hydrocarbon oil duties etc

(1)In relation to times before the coming into force of section 7(2) and (3) of the [1997 c. 16.] Finance Act 1997 (which makes amendments specifying separate rates of duty for light oil, for ultra low sulphur diesel and for heavy oil which is not ultra low sulphur diesel), section 6(1) of the [1979 c. 5.] Hydrocarbon Oil Duties Act 1979 (“the 1979 Act”) shall have effect as follows—

(a)for “£0.4168” (rate of duty on light oil) there shall be substituted “£0.4510”; and

(b)for “£0.3686” (rate of duty on heavy oil) there shall be substituted “£0.4028”.

(2)In relation to times after the coming into force of section 7(2) and (3) of the Finance Act 1997, section 6(1A) of the 1979 Act (which is inserted by section 7(3) of the Finance Act 1997) shall have effect as follows—

(a)in paragraph (a) (rate of duty on light oil), for “£0.4168” there shall be substituted “£0.4510”;

(b)in paragraph (b) (rate of duty on ultra low sulphur diesel), for “£0.3586” there shall be substituted “£0.3928”; and

(c)in paragraph (c) (rate of duty on heavy oil that is not ultra low sulphur diesel), for “£0.3686” there shall be substituted “£0.4028”.

(3)In section 11(1) of the 1979 Act (rebate on heavy oil), for “£0.0194” (fuel oil) and “£0.0250” (gas oil) there shall be substituted “£0.0200” and “£0.0258”, respectively.

(4)In section 14(1) of the 1979 Act (rebate on light oil for use as furnace fuel), for “£0.0194” there shall be substituted “£0.0200”.

(5)This section shall be deemed to have come into force at 6 o'clock in the evening of 2nd July 1997.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources