How we help
We advise producers, importers and businesses that trade in fuels and energy. We help obtain, amend and maintain licences, account for excise duty, meet mandatory stock obligations and file reports with the authorities that supervise the market.
In this sector a procedural slip costs more than elsewhere – it can halt sales. So we keep an eye not only on tax but also on licence conditions, financial security and reporting deadlines. We explain how one thing leads to another, so that the business can plan its trading rather than just respond to letters.
Safe trading
In the fuel market the tax office pays particular attention to the supply chain. We help check counterparties, organise delivery documents and set rules for taking on new suppliers – so that you can later show how each transaction took place.
We handle licences, excise duty, VAT and contracts together, because in this sector each depends on the others. When the tax office starts an audit, we deal with that too. We write more on the Fuel and energy trading page.
Licences and the regulator: the legal side
A licence is more than a formality at the start. It has its own scope and conditions and, for fuel trading, a financial security requirement too. Every change in the business – a new type of fuel, a new storage facility, imports, a change of owner or management board – may require an amendment to the licence or a notification to the regulator. The regulator also expects regular reports and has the right to check whether the business operates as set out in its licence.
We handle this part together with our legal advice practice: applications for licences and amendments, financial security, supply and storage agreements and representation before the URE (the Energy Regulatory Office) are described on the Legal advice and contracts page. Here we focus on the tax and accounting side – excise duty, stocks, records and reports – so that all of the business’s documents tell the same story.
What we cover
- Licences to produce and trade in fuels, including cross-border trade
- Financial security and licence amendments before the URE
- Excise duty: returns, guarantees and refunds
- Mandatory stocks
- Reports and obligations towards the authorities that supervise the market
- Counterparty checks and safe trading
- Contracts in fuel and energy trading
When to talk to us
- You are planning to enter the fuel or energy market and need a licence.
- The scope of your business is changing and the licence needs to be adjusted.
- The tax office is asking about excise duty, stocks or suppliers.
- You want to check that the business is meeting all its sector obligations.
