The Renewable Transport Fuel Obligations (Amendment) Order 2020
Commencement: 31st December 2020
Amends: Renewable Transport Fuel Obligations Order 2007
The Renewable Transport Fuel Obligations Order 2007 requires transport fuel suppliers, who supply relevant hydrocarbon oil in the United Kingdom, to produce evidence that a certain amount of renewable transport fuel has been supplied.
The calculation used to determine the amount that a supplier must pay to discharge any shortfall in their renewable transport fuel obligation has been changed, with the effect of increasing the cost of discharging shortfalls. The multiplier applied to any shortfall in a suppliers main renewable transport fuel obligation is increased from 30 pence to 50 pence for obligation periods beginning on or after 1st January 2021.
The Legislation Update Service is the best way to stay up to date automatically with legislation in England, Wales, Scotland, Northern Ireland and the Republic of Ireland.
Sign up for your free trial to get instant access.
These summaries (The Compliance People Materials) are provided free of charge as an example of the Legislation Update Service’s content. They are not intended to constitute legal advice for any specific situation. The Compliance People Materials are general and educational in nature and may not apply to the specific facts and circumstances of individual cases. The Compliance People does not accept any responsibility for action taken by you or any User as a result of any The Compliance People Materials provided by us. You should take specific legal advice when dealing with specific situations.