HMRC Excise Notice 192 sets out the requirements and procedures for the Registered Dealers in Controlled Oil (RDCO) scheme, which regulates businesses that trade in controlled oil products subject to excise duty. The scheme establishes rules for registration, record-keeping, reporting obligations and compliance for dealers handling these commodities. Businesses involved in the supply and distribution of controlled oils must understand their responsibilities under this framework to maintain valid registration and avoid penalties.
Source: HMRC (GOV.UK) – Read the original