§ Mr. BurnsTo ask the Chancellor of the Exchequer when further draft regulations to implement the single market legislation for excise duties will be issued to the trade for comment; and what additional guidance is being issued.
§ Sir John CopeWe have consulted widely on the single market legislation on excise duty. Customs and Excise have been in touch with the trade on this subject since June 1990 and a rolling programme of regulations is well advanced. The first draft regulations, about keeping and preserving records and accounts, have already been issued to the trade.
Draft notices have been issued which give guidance on excise warehousing and registered excise dealers and shippers. Other notices and draft regulations will follow shortly.
Copies of the draft regulations and notices have already been placed in the Library of the House.