The excise products (alcohol, tobacco and oil) are all subject to duty increases though there is lack of clarity again in the Budget Statement. Alcohol duty ‘escalator’ increases are overshadowed by the publication of an Alcohol Strategy that proposes minimum pricing based on units of alcohol and a consultation on anti-fraud measures. A new ‘excise’ tax for herbal smoking products is planned in addition to duty increases on tobacco.
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The excise products (alcohol, tobacco and oil) are all subject to duty increases though there is lack of clarity again in the Budget Statement. Alcohol duty ‘escalator’ increases are overshadowed by the publication of an Alcohol Strategy that proposes minimum pricing based on units of alcohol and a consultation on anti-fraud measures. A new ‘excise’ tax for herbal smoking products is planned in addition to duty increases on tobacco.
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