Menu
13/02/2014
New Fuel Marker To Tackle Laundering
A new marker is to be added to fuel on both sides of the Border in an effort to curb the lucrative fuel laundering market,
It is understood that the new fuel marker is resistant to current known laundering techniques, which is hoped will help officers in Ireland and Northern Ireland clamp down on the illegal industry.
In the republic launderers mainly target green diesel, using chemicals of acids to strip government markers from the fuel, which they can then resell.
Green diesel and other agricultural fuel qualifies for lower tax, which makes it cheaper. Once the markers have been removed the launderers can then resell the fuel at a substantial profit.
The new marker will be launched in the north and south at the same, and follows tax authorities completing a consultation with the oil industry.
(MH/IT)
It is understood that the new fuel marker is resistant to current known laundering techniques, which is hoped will help officers in Ireland and Northern Ireland clamp down on the illegal industry.
In the republic launderers mainly target green diesel, using chemicals of acids to strip government markers from the fuel, which they can then resell.
Green diesel and other agricultural fuel qualifies for lower tax, which makes it cheaper. Once the markers have been removed the launderers can then resell the fuel at a substantial profit.
The new marker will be launched in the north and south at the same, and follows tax authorities completing a consultation with the oil industry.
(MH/IT)
Related Irish News Stories
Click here for the latest headlines.
12 December 2016
Large-Scale Fuel Laundering Operation Uncovered
A large-scale fuel laundering operation has been uncovered in Counties Monaghan and Cavan, in a joint operation by Revenue Enforcement Officers and Garda Regional Support Unit.
Large-Scale Fuel Laundering Operation Uncovered
A large-scale fuel laundering operation has been uncovered in Counties Monaghan and Cavan, in a joint operation by Revenue Enforcement Officers and Garda Regional Support Unit.
04 November 2011
Fuel Laundering Operation Hits Water Supplies
Illegal fuel laundering is doing more damage than just costing the Exchequer lost revenue. It emerged yesterday that damage in Co Tyrone, at Aughnacloy Wastewater Treatment Works (WwTW), was caused by by-products of a suspected fuel laundering operation - where agricultural 'red' diesel is stripped off the colouring and sold on as legitimate fuel.
Fuel Laundering Operation Hits Water Supplies
Illegal fuel laundering is doing more damage than just costing the Exchequer lost revenue. It emerged yesterday that damage in Co Tyrone, at Aughnacloy Wastewater Treatment Works (WwTW), was caused by by-products of a suspected fuel laundering operation - where agricultural 'red' diesel is stripped off the colouring and sold on as legitimate fuel.
19 November 2014
Revenue And Customs Announce New Dye Will 'Eliminate' Fuel Laundering
Revenue and Customs have announced a new dye that should "virtually eliminate" illegal fuel laundering. It is understood officials have been testing new dyes – a coloured marker added to subsidised fuel meant for agricultural use – and claim this new dye will be "almost impossible" to remove.
Revenue And Customs Announce New Dye Will 'Eliminate' Fuel Laundering
Revenue and Customs have announced a new dye that should "virtually eliminate" illegal fuel laundering. It is understood officials have been testing new dyes – a coloured marker added to subsidised fuel meant for agricultural use – and claim this new dye will be "almost impossible" to remove.
04 October 2011
Two Held Over Fuel Laundering Plant
Two men have been arrested in Monaghan on suspicion of running a fuel laundering plant. Revenue officers and Gardaí raided the operation at commercial premises in Glaslough last night. The two men where arrested at the scene, one aged 33 the other aged 34, both from Northern Ireland.
Two Held Over Fuel Laundering Plant
Two men have been arrested in Monaghan on suspicion of running a fuel laundering plant. Revenue officers and Gardaí raided the operation at commercial premises in Glaslough last night. The two men where arrested at the scene, one aged 33 the other aged 34, both from Northern Ireland.
26 January 2015
Fianna Fáil Calls For Multi-Agency Approach To Fuel Laundering
Authorities both North and South must collaborate as part of a multi-agency approach to tackle fuel laundering in the border counties. Fianna Fáil TD for Louth, Seamus Kirk, made the call amid concerns over the dumping of toxic materials affecting water quality in the area.
Fianna Fáil Calls For Multi-Agency Approach To Fuel Laundering
Authorities both North and South must collaborate as part of a multi-agency approach to tackle fuel laundering in the border counties. Fianna Fáil TD for Louth, Seamus Kirk, made the call amid concerns over the dumping of toxic materials affecting water quality in the area.
-
Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
