Red diesel timescale could be revealed in Budget

BMF and RYA have met with Customs for update

The forthcoming Budget statement on 21 March could reveal more details about the loss of red diesel.

The low-duty fuel will be lost to UK leisure boaters, probably sometime over the next year, but the Government is still working out a timescale.

The British Marine Federation and Royal Yachting Association met with HM Customs Officials on 7 March to review the matter and received “an update on Government thinking about how they propose to implement the European Commission decision to remove the Red Diesel derogation that was announced in December”.

A statement from the BMF and RYA says: “Customs officials are currently working on implementation and enforcement proposals. BMF and RYA are confident that HMRC are fully aware of the issues and implications for the industry and boat user.

“Customs officials suggested that there could be an indication of the likely timescale for implementation in the budget statement being made in the House of Commons on 21 March.

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“HMRC has confirmed that all potential options for implementing the Commission’s decision remain under consideration. They are likely to bring forward proposals for full consultation after the Budget Statement.”