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Finance Act 2002

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Status: This version of this Act contains provisions that are prospective. Changes to legislation: There are outstanding changes not yet made by the legislation.gov.uk editorial team to Finance Act 2002. Any changes that have already been made by the team appear in the content and are referenced with annotations. (See end of Document for details) View outstanding changes Finance Act 2002 2002 CHAPTER 23 An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance. [24th July 2002] Most Gracious Sovereign, WE, Your Majesty’s most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and to grant unto Your Majesty the several duties hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:— Modifications etc. (not altering text) C1 Act modified (with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), regs. 37-41 (as amended (with effect in accordance with reg. 1(2) of the amending S.I.) by The Overseas Life Insurance Companies (Amendment) Regulations 2007 (S.I. 2007/2146), regs. 22-24) C2 Act applied in part (with modifications) by 2009 c. 4, Sch. 2 para. 131 (as amended) (29.3.2007) by The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (S.I. 2007/1050), regs. 1(1), 3-12 (as amended (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 2 para. 131 (with Sch. 2 Pts. 1, 2)) C3 Act modified (21.2.2009) by The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), arts. 1, 3, Sch. 2 Finance Act 2002 (c. 23) Part 1 – Excise duties Document Generated: 2021-08-23 Status: This version of this Act contains provisions that are prospective. Changes to legislation: There are outstanding changes not yet made by the legislation.gov.uk editorial team to Finance Act 2002. Any changes that have already been made by the team appear in the content and are referenced with annotations. (See end of Document for details) View outstanding changes PART 1 EXCISE DUTIES Tobacco products duty 1 Rates of tobacco products duty (1) For the Table of rates of duty in Schedule 1 to the Tobacco Products Duty Act 1979 (c. 7) substitute— TABLE 1. Cigarettes An amount equal to 22 per cent of the retail price plus £94.24 per thousand cigarettes. 2. Cigars £137.26 per kilogram. 3. Hand-rolling tobacco £98.66 per kilogram. 4. Other smoking tobacco and chewing £60.34 per kilogram. tobacco (2) This section shall be deemed to have come into force at 6 o’clock in the evening of 17th April 2002. Alcoholic liquor duties 2 Rates of duty on cider (1) In section 62(1A) of the Alcoholic Liquor Duties Act 1979 (c. 4) (rates of duty on cider)— (a) in paragraph (b) (rate of duty per hectolitre in the case of cider of a strength exceeding 7.5 per cent that is not sparkling cider), for “£39.21” substitute “ £38.43 ”; (b) in paragraph (c) (rate of duty per hectolitre in any other case), for “£26.13” substitute “ £25.61 ”. (2) This section shall be deemed to have come into force on 28th April 2002. 3 Duty on beverages made with spirits to be at spirits rate (1) Omit section 1(9) of the Alcoholic Liquor Duties Act 1979 (under which alcoholic beverages of a strength between 1.2 and 5.5 per cent made with spirits are treated as not being spirits, unless of a description specified by Treasury order). (2) This section shall be deemed to have come into force on 28th April 2002. 4 Reduced rates of duty on beer from small breweries (1) Schedule 1 to this Act (which makes provision for the excise duty on beer to be charged at reduced rates on beer produced in small breweries) has effect. Finance Act 2002 (c. 23) 3 Part 1 – Excise duties Document Generated: 2021-08-23 Status: This version of this Act contains provisions that are prospective. Changes to legislation: There are outstanding changes not yet made by the legislation.gov.uk editorial team to Finance Act 2002. Any changes that have already been made by the team appear in the content and are referenced with annotations. (See end of Document for details) View outstanding changes (2) Subject to subsection (3), subsection (1) shall be deemed to have come into force on 1st June 2002. (3) So far as relating to— (a) the insertion by paragraph 2 of that Schedule of the new section 36H of the Alcoholic Liquor Duties Act 1979, and (b) paragraph 3 of that Schedule, subsection (1) comes into force on the day on which this Act is passed. Commencement Information I1 S. 4 wholly in force; s. 4(1) in force at 1.6.2002 for specified purposes, otherwise s. 4 in force at 24.7.2002, see s. 4(2)(3) Hydrocarbon oil duties 5 Biodiesel (1) The Hydrocarbon Oil Duties Act 1979 (c. 5) is amended as follows. (2) After section 2 insert— “2AA Biodiesel (1) In this Act “biodiesel” means diesel quality liquid fuel— (a) that is produced from biomass or waste cooking oil, (b) the ester content of which is not less than 96.5% by weight, and (c) the sulphur content of which does not exceed 0.005% by weight or is nil. (2) In subsection (1)— (a) “diesel quality” means capable of being used for the same purposes as heavy oil; (b) “liquid” does not include any substance that is gaseous at a temperature of 15°C and under a pressure of 1013.25 millibars; (c) “biomass” means vegetable and animal substances constituting the biodegradable fraction of— (i) products, wastes and residues from agriculture, forestry and related activities, or (ii) industrial and municipal waste.”. F1(3) . (4) After section 6 (excise duty on hydrocarbon oil) insert— “6AA Excise duty on biodiesel (1) A duty of excise shall be charged on the setting aside for a chargeable use by any person, or (where it has not already been charged under this section) on the chargeable use by any person, of biodiesel. 4 Finance Act 2002 (c. 23) Part 1 – Excise duties Document Generated: 2021-08-23 Status: This version of this Act contains provisions that are prospective. Changes to legislation: There are outstanding changes not yet made by the legislation.gov.uk editorial team to Finance Act 2002. Any changes that have already been made by the team appear in the content and are referenced with annotations. (See end of Document for details) View outstanding changes (2) In subsection (1) “chargeable use” means use— (a) as fuel for any engine, motor or other machinery, or (b) as an additive or extender in any substance so used. (3) The rate of duty under this section shall be £0.2582 a litre. 6AB Excise duty on blends of biodiesel and heavy oils (1) A duty of excise shall be charged on bioblend— (a) imported into the United Kingdom, or (b) produced in the United Kingdom and delivered for home use from a refinery or from other premises used for the production of hydrocarbon oil or from any bonded storage for hydrocarbon oil, not being bioblend chargeable with duty under paragraph (a) above. This is subject to subsection (6) below. (2) In this Act “bioblend” means any mixture that is produced by mixing— (a) biodiesel, and (b) heavy oil not charged with the excise duty on hydrocarbon oil. (3) The rate at which the duty shall be charged on any bioblend shall be a composite rate representing— (a) in respect of the proportion of the bioblend that is hydrocarbon oil, the rate that would be applicable to the bioblend if it consisted entirely of heavy oil of the description that went into producing the bioblend, and (b) in respect of the proportion of the bioblend that is biodiesel, the rate that would be applicable to the bioblend if it consisted entirely of biodiesel. (4) The references in subsection (3) above to the proportions of— (a) hydrocarbon oil, and (b) biodiesel, are to the proportions by volume to the nearest 0.001%. (5) If the Commissioners are not satisfied as to the proportion of biodiesel in any bioblend, the rate of duty chargeable shall be the rate that would be applicable to the bioblend if it consisted entirely of heavy oil of the description that went into producing the bioblend. (6) Where imported bioblend is removed to a refinery, the duty chargeable under subsection (1) above shall, instead of being charged at the time of the importation of the bioblend, be charged on the delivery of any goods from the refinery for home use and shall be the same as that which would be payable on the importation of like goods. 6AC Application to biodiesel and bioblend of provisions relating to hydrocarbon oil (1) The Commissioners may by regulations provide for— (a) references in this Act, or specified references in this Act, to hydrocarbon oil to be construed as including references to— Finance Act 2002 (c.
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