Clause 12 - Fuel substitutes

Finance Bill – in a Public Bill Committee at 3:00 pm on 6th May 2004.

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Question proposed, That the clause stand part of the Bill.

Photo of Andrew Tyrie Andrew Tyrie Shadow Financial Secretary

I have one brief question. It seems that the Minister will explain the measure to the Committee so I shall not do so. Is it an EU requirement that we pass the clause? The issue is a minor, technical one.

Photo of John Healey John Healey The Economic Secretary to the Treasury

The clause makes a necessary technical amendment to the Hydrocarbon Oil Duties Act 1979. It is not a requirement of the European Union that we do so. The purpose of the clause is to ensure the agreement of all Finance Bill provisions relating to biofuels. It is a necessary change to ensure consistency in the application of duty charges on fuels and it takes into account the current and future development of new fuels.

Question put and agreed to.

Clause 12 ordered to stand part of the Bill.