VAT changes from 1 April 2022: Use of ‘rebated’ red diesel is much more restricted

'rebated' red diesel

Written by VAT Partner, Sandy Cochrane The use of ‘rebated’ red diesel (5% VAT) is restricted to a very small number of industry sectors (including agriculture, horticulture, fish farming, forestry and rail transport).   HMRC says that businesses within certain sectors (i.e. construction, mining and quarrying, ports, manufacturing haulage for transport refrigeration units on lorries, […]