OTCPK:EUCTF - Post by User
Comment by
koast2on Feb 17, 2016 8:06am
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Post# 24565038
RE:re Excise Duties: Other Energy Tax Legislation
RE:re Excise Duties: Other Energy Tax LegislationBecause some of the DD (done bt others seems to have been lost in an ego match between posters , I am reposting this .
EUO: new EU tender for fuel marking , just in time for SICPA to deliver GFI to them. Note the extension of the deadline for submissions of applications which looks quite coincidental with SICPA´s interest given the delays in closing the GFI deal....
Nice timeline of events I say: :))
2015-07-06 08:27 EUOEurocontrol Technics Group Inc0.13News Release Eurocontrol to receive European patent for Petromark
September: EU tender announced
Excise Duties: Other Energy Tax Legislation
Other legislation which covers the taxation of energy products includes:
Council Directive 95/60/ECon fiscal marking of gas oils and kerosene. This Directive provides a common marking system to identify gas oil and kerosene subject to a reduced excise rate e.g. mineral oils used as propellants. The aim of this marking is to prevent tax evasion and ensure the proper functioning of the internal market. The rules are without prejudice to national provisions on fiscal marking.
Commission Decision 2011/544/EC establishes Solvent Yellow 124 as the common fiscal marker and fixes the marking level of at least 6 mg and not more than 9 mg of marker per litre of mineral oil.
A 2004 Commission study looked at how to establish a harmonised Community reference method of analysis for the Euromarker (Solvent Yellow 124) for laboratory tests. Member States agreed to use it as a common reference method in their analyses. This method has improved the comparability of the results of tests carried out by different Member States.
? ? On 11 September 2015 the Commission launched a Call for expression of interest in order to identify a substance suitable for use as a fiscal marker in gas oil and kerosene which performs better than Solvent Yellow 124.
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