(This note is not part of the Regulations)
These Regulations amend the Hydrocarbon Oil Duties (Reliefs for Electricity Generation) Regulations 2005 (S.I. 2005/3320) which introduced a relief from excise duty for rebated oils used to produce electricity.
From 1st April 2013 such relief has to be reduced by the carbon price support (CPS) rates of fuel duty. These Regulations re-affirm the CPS rates for the period 1st April 2014 to 31st March 2016 and set the rates on and after 1st April 2016. They also apply the rates to kerosene used to produce electricity on or after 1st May 2014.
A Tax Information and Impact Note covering this instrument will be published on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.