Reduction of excise duty rates for motor spirits removed - return to full rate on 1 July 2023
01.39pm 22 May 2023
The Government has put the necessary legislative change in place to remove the reduction of excise and excise-equivalent duty rate on motor spirits. The excise and excise-equivalent duty rate will increase to 70.024¢ plus 8¢ per g of Pb (full rates) on 1 July 2023.
This temporary reduction of motor spirits duty started on 15 March 2022 initially for a period of 3 months. It brought the excise and excise-equivalent duty rate on motor spirits down to 45.024 cents per litre. This temporary reduction was extended in June for an additional two-month period until 15 August 2022 and in July for a further period until 31 January 2023. The proposed phased removal in March 2023 was replaced with full removal on 1 July 2023.
The return to full rates is given effect by the Excise and Excise-equivalent Duties Table (Temporary Reduction of Motor Spirits Duty) Amendment Order 2022.
The Working Tariff Document and the will be amended to reflect these rates on 1 July 2023.
For our notice on the removal of the reduction, click here.