# The Hydrocarbon Oil (Payment of Rebates) Regulations 1996, Paragraph 1

Extent: E+W+S+N.I.

The comparison shall be effected by the following steps—
(a) determine the rate of net excise duty (expressed as pence per litre), immediately before the change takes legal effect, in accordance with the formula provided by paragraph 2 below;
(b) determine the rate of net excise duty (expressed as pence per litre), applicable when the change takes legal effect, in accordance with the formula provided by paragraph 3 below; and
(c) compare the correctly determined results of those calculations to see whether or not the paragraph 3 rate of net excise duty (for the purposes of regulation 6(3)(c) of these Regulations) is greater than the paragraph 2 rate of net excise duty, expressed in both cases as pence per litre.

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Source: https://www.legislation.gov.uk/uksi/1996/2313/schedule/2/paragraph/1 (the official version)
Page: https://openlegislation.uk/hydrocarbon-oil-payment-of-rebates-regulations-1996/schedule-2/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.