EXCISE EXTERNAL STANDARD MANAGE DIESEL REFUND CALCULATIONS

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1 Effective 01 April 2015 EXCISE EXTERNAL STANDARD MANAGE DIESEL REFUND CALCULATIONS

2 TABLE OF CONTENTS 1 SUMMARY OF MAIN POINTS 3 2 STANDARD Example 1 (on land) tax period 6 monthly Example 2 (offshore) tax period 2 monthly Example 3 (electricity generating plants) tax period monthly Example 4 (rail and certain harbour vessels) tax period 2 monthly 5 3 RELATED INFORMATION Legislation Cross References Quality Records 5 4 DEFINITIONS AND ACRONYMS 6 5 DOCUMENT MANAGEMENT 6 Revision: 11 Page 2 of 6

3 1 SUMMARY OF MAIN POINTS a) This standard applies to Diesel Refund Registrants claiming a refund in terms of rebate item of Schedule 6 to the Customs and Excise Act, Act No. 91 of 1964 (the Act) 2 STANDARD a) The general fuel levy increases by 30.5c per litre and the Road Accident Fund (RAF) levy increases by 50.0c per litre respectively on 1 April i) Fuel levy = Increases from 209.5c/l to 240.0c/l; and ii) RAF = Increases from 104.0c/l to 154.0c/l. b) The diesel refund in respect of on-land primary sector beneficiaries is 40% of the general fuel levy of 240.0c/l which equals 96.0c/l of the qualifying 80% of diesel consumption. USAGE TYPES PREVIOUS NEW On Land (Farming, Mining & Forestry) 187.8c/l 250.0c/l Electricity Generation Plants 313.5c/l 394.0c/l Offshore (Commercial fishing, Coastwise Shipping, Offshore Mining & NSRI) 313.5c/l 394.0c/l Rail & Harbour Services 104.0c/l 154.0c/l c) Where the implementation date of the new rates for RAF levy and fuel levy falls within the tax period, a factor has been determined on which a vendor must recalculate total non-eligible and eligible litres to determine the correct litres to be entered on the VAT 201 return. d) The prescribed factor per usage type is as follows: On Land Electricity Generation Plants Offshore Rail & Harbour Services e) The VAT vendor must recalculate total non-eligible and eligible litres purchased up to and on 31 March 2015; by using the factor (shown above) to reduce these litres to enable them to use the new rate when, calculating the diesel refund. f) Examples of the calculations are shown below: 2.1 Example 1 (on land) tax period 6 monthly 08/2015 Invoices to 187.8c/l Invoices from 250.0c/l (01 March to 31 August) 80% of Eligible Litres Amount Refundable R R TOTAL REFUNDABLE R R = R a) Correction of litres purchased until 31 March 2015: Total litres times factor equals recalculated litres x = litres litres x = litres Recalculated eligible litres litres = litres Revision: 11 Page 3 of 6

4 Total litres (Recalculated) (litres from 01/04/15) = Non-eligible litres (Recalculated) (litres from 01/04/15) = Eligible litres (Recalculated) (litres from 01/04/15) = % of eligible litres (Recalculated) (litres from 01/04/15) = i) Amount refundable (litres) x 250.0c/l = R Example 2 (offshore) tax period 2 monthly 04/2015 Invoices to 313.5c/l Invoices from 394.0c/l (March and April) Amount Refundable R R TOTAL REFUNDABLE R R = R a) Correction of litres purchased until 31/03/2015 Total litres times factor equals recalculated litres x = litres litres x = litres Recalculated eligible litres litres = litres Total litres (Recalculated) (litres from 01/04/15) = Non-eligible litres (Recalculated) (litres from 01/04/15) = Eligible litres (Recalculated) (litres from 01/04/15) = ii) Amount refundable (litres) x 394.0c/l = R Example 3 (electricity generating plants) tax period monthly 04/2015 (April) Invoices to 313.5c/l Invoices from 394.0c/l Amount Refundable R R TOTAL REFUNDABLE R R = R a) Correction of litres purchased until 31/03/2015. Total litres times factor equals recalculated litres x = litres litres x = litres Recalculated eligible litres litres = litres Revision: 11 Page 4 of 6

5 Total litres (Recalculated) (litres from 01/04/15) = Non-eligible litres (Recalculated) (litres from 01/04/15) = Eligible litres (Recalculated) (litres from 01/04/15) = ii) Amount refundable (litres) x 394.0c/l = R Example 4 (rail and certain harbour vessels) tax period 2 monthly 04/2015 (March and April) Invoices to 104.0c/l Invoices from 154.0c/l Amount Refundable R R TOTAL REFUNDABLE R R = R a) Correction of litres purchased until 31/03/2015 Total litres times factor equals recalculated litres x = litres litres x = litres Recalculated eligible litres litres = litres Total litres (Recalculated) (litres from 01/04/15) = Non-eligible litres (Recalculated) (litres from 01/04/15) = Eligible litres (Recalculated) (litres from 01/04/15) = ii) Amount refundable (litres) x c/l = R RELATED INFORMATION 3.1 Legislation TYPE OF REFERENCE Legislation and Rules administered by SARS: Other Legislation: International Instruments: REFERENCE Customs and Excise Act No. 91 of 1964: Section 75 Customs and Excise Rules: None None None 3.2 Cross References DOCUMENT # QMS-01 DOCUMENT TITLE Quality Management System Manual 3.3 Quality Records Number VAT 201 Title Value Added Tax Return Revision: 11 Page 5 of 6

6 4 DEFINITIONS AND ACRONYMS c/l Item RAF SARS Schedule 6 VAT Cents per litre Distillate fuel purchased for use and used for the purposes specified in, and subject to compliance with Note 6 to Schedule No. 6 Road Accident Fund South African Revenue Service Rebates and Refunds of excise duty and fuel levy Value Added Tax 5 DOCUMENT MANAGEMENT Owner Detail of change from previous revision Template number and revision Executive: Process Solutions Customs & Support Services In his budget speech on 25 February 2015 the Minister announced that the fuel levy and RAF levy is increased by 30.5c and 50.0c respectively with effect from 1 April 2015; and The Directive has been changed to a. ECS-TM-03 - Rev 8 Revision: 11 Page 6 of 6

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