Finance Act, 1996
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Hydrocarbons and substitute motor fuel. |
79.—(1) In this section— | |
“the Act of 1994” means the Finance Act, 1994 ; | ||
“the Order of 1975” means the Imposition of Duties (No. 221) (Excise Duties) Order, 1975 ( S.I. No. 307 of 1975 ). | ||
(2) The duty of excise on mineral hydrocarbon light oil imposed by paragraph 11 (1) of the Order of 1975, shall, in lieu of the rate specified in section 84 (1) of the Act of 1994, be charged, levied and paid, as on and from the 24th day of January, 1996, at the rate of £307.65 per 1,000 litres. | ||
(3) For the purposes of the rebate of duty on mineral hydrocarbon light oil provided for in section 56 (3) of the Finance Act, 1988 , section 89 of the Finance Act, 1990 , shall apply as on and from the 24th day of January, 1996, as if the reference therein to section 40 (1) of the Finance Act, 1989 , which, by virtue of section 84 (2) of the Act of 1994, is construed as a reference to section 84 (1) of the Act of 1994, were instead a reference to subsection (2) of this section. | ||
(4) The duty of excise on hydrocarbon oil imposed by paragraph 12 (1) of the Order of 1975, shall, in lieu of the rate specified in section 84 (3) of the Act of 1994, be charged, levied and paid, as on and from the 24th day of January, 1996, at the rate of £243.75 per 1,000 litres. | ||
(5) The duty of excise on substitute motor fuel imposed by section 116 (2) of the Finance Act, 1995 , shall, in lieu of the rate specified in the said section 116 (2), be charged, levied and paid, as on and from the 24th day of January, 1996, at the rate of £243.75 per 1,000 litres. | ||
(6) With effect from the 1st day of July, 1996, section 42 (2) of the Finance Act, 1976 , is hereby amended by the substitution of “£14.30 per 1,000 litres” for “£0.085 per gallon” (inserted by section 150 (3) of the Finance Act, 1992 ). |