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FEBRUARY'S NEWSLETTER

ITALY: FARMING FUELS UNTIL NEXT GREEN DEAL

Most EU countries have experienced, in the past months, frequent gatherings of angry farmers protesting against the increased cost of fuel, unfair competition from extra-UE products and, easily, proposed environmental restrictions under discussion in Brussels. Italy hasn’t been an exception, but some entities can benefit of allocated reliefs on fuels if are duly registered.

THE FUTURE REGULATION OF NEW SMOKING PRODUCTS

The increase in the price of commonly smoked products and the recommendations and prohibitions of health regulations have caused a slow but obvious replacement of traditional tobacco products with new ones, among which two stand out: the so-called “electronic cigarettes” and “heated tobacco”. The next question that we necessarily have to ask ourselves is what happens with tax regulations?

FRANCE: NEW TAX MARKERS REQUIRED ON CERTAIN ENERGY PRODUCTS

Do you buy, sell, blend, mix or release energy products? Then make sure you're compliant for current and future stocks of some of them.

OILS EXCISE DUTIES IN THE UK

The UK changed its excise duty regime for oils in 2022. Eligibility of oils for reduced excise duty rates was restricted and biofuels were brought within the scope of excise tax. Most oils for most purposes are eligible for duty relief under the Tied Oils Scheme which requires prior authorisation from HMRC.

June 2022: Get Involved
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