Our Insights

HMRC invites comments on options to replace the Extra-Statutory Concession (ESC) allowing relief from excise duty on recovered petrol vapour.

HMRC is considering the future of the Extra-Statutory Concession (ESC) on recovered petrol vapour. This consultation is seeking views on two options:

• legislation to place the existing “vapour recovery scheme” on a legal footing
• an alternative option to address the issue within existing warehousing approval terms and conditions.

Vapour recovery scheme: consultation on the options for replacing the Extra-Statutory Concession (ESC)