Biofuel blending target for diesel raised to 7.5% (TGAP) and reduced TICPE rate for ED95 fuel

Article 60 of the 2016 amending finance act raises from 7% to 7.5% the rate of the additional TGAP levy on diesel, which decreases in proportion to the sustainable biofuels blended in (Article 266 quindecies of the Customs Code), and adds a line to table B of Article 265 for ED95 fuel (at least 90% agricultural ethyl alcohol) taxed at €4.40/hl. According to section IV of the article, this rate replaces the €9.90/hl rate that would otherwise have applied. It applies to transactions whose taxable event occurs from 1 January 2017. The levy was later replaced by the biofuel incorporation incentive tax (TIRIB) in 2019.