New Gas Oil Marker - Update
Dear <<First Name>>,
You may already be aware that the Revenue authorities, in a joint initiative with the UK Revenue and Customs, are at an advanced stage in introducing a new Fuel Oil Marker for Gas Oil, to assist with the prevention and detection of fuel laundering.
We now advise that the Revenue authorities has recently started a consultation process with stakeholders, including the oil companies, providing details of the new marker.
This consultation process will proceed at pace so it is likely that introduction of the new marker will be targeted for final quarter this year or, more likely, from the first quarter next year. We will keep you posted on progress as we receive more information.
If you wish to know more about the background to the initiative you can find out more on the Revenue website at:
Padraic Donnelly and Brian Harte