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Retail Therapy

Gavin McFarlane of Temple Chambers, Cardiff, discusses the effect of excise fraud on the retail sector

 
Gavin McFarlane of Temple Chambers Cardiff discusses the effect of excise fraud on the retail sector
 
Since the advent of the European Single Market in 1993 topics relating to excise duty have almost never been out of the news. And with the exception of the betting and gaming duties and taxes excise duties are imposed on goods rather than services — usually at such high rates that the goods become comparatively high-priced items in the retail markets. The three main categories of goods subject to excise duties in the United Kingdom are tobacco goods alcoholic products and hydrocarbon oils (mineral oils). As such they have two features which set them apart from many...

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