Tag: biofuel tax

European Commission OKs Sweden’s biofuel tax emptions again

European Commission OKs Sweden’s biofuel tax emptions again

September 13, 2021 |

In Belgium, the European Commission has yet again approved, under EU State aid rules, the prolongation of the tax exemption measure for biofuels in Sweden. Sweden has exempted liquid biofuels from energy and CO₂ taxation since 2002. The measure has already been prolonged several times, the last time in October 2020). By the new decision, […]

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Farm Bureau leads coalition asking Congress for biofuel tax extenders

Farm Bureau leads coalition asking Congress for biofuel tax extenders

November 30, 2020 |

In Washington, the American Farm Bureau Federation and more than 60 other organizations are urging Congress to extend tax provisions that promote biofuel production, as well as craft breweries, wineries and distilleries. Among more than 30 temporary tax provisions, commonly known as “tax extenders,” set to expire at the end of the year are a […]

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$27M HMRC biofuel tax charge ongoing for James Hay

$27M HMRC biofuel tax charge ongoing for James Hay

February 11, 2018 |

In the United Kingdom, James Hay parent IFG Group released a trading update that says a “potential solution” to the biofuel scheme tax charge remains ongoing. The tax charge is estimated to reach £20 million (over $27 million). James Hay told Money Marketing that if the issue is still unresolved by March, “the group confirmed […]

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