# The Hydrocarbon Oil (Payment of Rebates) Regulations 1996, Paragraph 3

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

The rate of net excise duty (for the purposes of paragraph 1(b) and (c) above) shall be calculated in accordance with the formula F−G where—
(a) F is the rate of excise duty charged by section 6(1) of the Act on a litre of heavy oil when the change (envisaged by regulation 6(2)(b) of these Regulations) takes legal effect, expressed as pence per litre; and
(b) G is the rate of rebate of the excise duty allowed on a litre of gas oil (in accordance with the rebate scheme of section 11 of the Act for gas oil) when the above-mentioned change takes legal effect, expressed as pence per litre.

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Source: https://www.legislation.gov.uk/uksi/1996/2313/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/hydrocarbon-oil-payment-of-rebates-regulations-1996/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.