HMRC roadside fuel testing
- Created at
- Slaters Accountants in Staffordshire
Articles By This Author
- HMRC takes back control of IT services
- HMRC to extend data gathering powers
- HMRC roadside fuel testing
- Tax Diary August/September 2015
- Tapered pensions annual allowance
- Who are Slaters Accountants?
- Small business changes
- Landlord Tax Changes
- Owner managed business accountants
- Paid too much or too little tax?
- The heated debate- should vat apply to all takeawa...
- Are you prepared to go fully VAT Digital?
- Autoenrolment for Employers
- Revenue Recognition in the Oil & Gas Industry unde...
- Accounting for Decommissioning Provisions under IF...
- Are you contracting with the public sector? You ne...
- To be a Company or to be a Sole Trader: that is th...
- The Impact of Flat Rate VAT changes on small busin...
- SELF-ASSESSMENT TAX RETURN 2015/16
- 5 Things never to ignore with your business bank a...
Treasury Minister Damian Hinds visited Belfast and Newry recently as HM Revenue and Customs (HMRC) unveiled new roadside fuel testing equipment to tackle the trade in illicit diesel.
The hi-tech equipment has been introduced to allow officers to test vehicles at the roadside for the presence of the new fuel marker, which was introduced into supplies intended for use in agriculture and construction industries in April. The new marker is resistant to laundering techniques known to be used by criminal gangs and significantly improves HMRC’s capability to detect fraud.
Previously, the test for the new marker was completed at a laboratory, leading to a delay in identifying illicit fuel and further action being taken. The new equipment will now be installed in 49 HMRC Road Fuel Testing Unit vehicles throughout the UK and used to analyse fuel samples taken at the roadside and at retail premises, starting in Northern Ireland.
Exchequer Secretary to the Treasury, Damian Hinds, said:
“I am delighted to see first-hand the new roadside testing equipment in action. Together with the new marker it will play an important part in the fight against fuel fraud.
“At a time when the government’s priority is cutting the deficit, it is unacceptable that criminals are cheating the system. The new marker and testing equipment are part of the significant investment we have made in HMRC to tackle avoidance, evasion and fraud to make sure all businesses and individuals contribute to the tax revenue that is used to fund vital public services.”
Illicit diesel is estimated to make up 13% of the market share of diesel in Northern Ireland and costs the taxpayer around £80 million each year in lost taxes.
The government will monitor the success of the marker during the first six months, to make sure it is delivering results in the fight against fuel fraud. HMRC will publish an evaluation in the autumn.