Solvent Yellow to be replaced

21/03/22

Fiscal marker Solvent Yellow 124 will be replaced by ACCURATE™ PLUS.

The European Commission has decided on a new fiscal marker for certain gas oils and kerosine that have been released for consumption, exempt from excise duty or that are subject to a reduced excise duty rate.

What can this possibly mean for your company?

In case you are currently using Solvent Yellow 124 you will need to transition to ACCURATE™ PLUS ultimately January 18, 2024.

Please note that the Member States can use the transition period of 24 months, however, are not obliged to do so. As such it will depend on the Member States you operate/trade in what the exact transition period is. It seems not to be possible that a Member States uses both markers at the same time. Either Solvent Yellow 124 is still used during the transitional period or the ACCURATE™ PLUS.

However, after the transition period (as of January 19, 2024), only ACCUTRACE™ PLUS can be used as a fiscal marker for the abovementioned products.

Background

For the prevention of tax evasion, a common fiscal marker is used to identify gas oils (CN Codes 2710 19 43, 2710 19 46, 2710 19 47, 2710 19 48, 2710 20 11, 2710 20 16 and 2710 20 19) and kerosine (CN Code 271- 19 25) that are released for consumption with a duty exemption/or reduction. Up until now the marker called Solvent Yellow 124 has been used. In the evaluation of this marker the shortcomings of this marker were identified, mainly that it is too easily removed and therefore the new market has been introduced.

How can we help?

Should you need any advice on the implementation of the new decision into your business and how to comply with the new rules, please contact your PwC customs and international trade specialist.