Officials from the UK Treasury have approached HAE EHA for assistance with its forthcoming HMRC guidance on managing stocks of red diesel.
This relates to the management and recording of red diesel stocks between now and the end of April 2022 when the duty rebate finishes. Businesses must also account for any remaining stocks or continued use, for example, for agricultural customers (an industry which is not affected by the tax changes).
HAE EHA’s aim, on behalf of members, is to highlight concerns or identify areas in the guidance which lack clarity in terms of running a hire business. Working with other trade bodies the association will make the case for financial support for members, to ease the transition to non-diesel power and to support greener purchasing decisions, where such options exist.
If you would like to discuss Red Diesel or put forward questions for the UK Treasury, please contact Mark Bradshaw on 0121 280 4621.