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Published on: 26/03/2010 11:02:00 |
Tariff / CHIEF STOP PRESS 11/10
PLEASE SEE BELOW BUDGET CHANGES FOR TOBACCO FROM 6 PM ON 24th MARCH 2010.
WHO IS LIKELY TO BE AFFECTED?
1. TOBACCO MANUFACTURES AND IMPORTERS OF TOBACCO PRODUCTS (I.E. CIGARETTES, CIGARS, HAND-ROLLING TOBACCO, OTHER SMOKING TOBACCO AND CHEWING TOBACCO).
GENERAL DESCRIPTION OF THE MEASURE
2. LEGISLATION WILL BE INTRODUCED IN THE FINANCE BILL 2010 TO INCREASE THE RATES OF DUTY ON TOBACCO PRODUCTS IMPORTED INTO, OR MANUFACTURED IN, THE UNITED KINGDOM. THE CHANGES WILL REPRESENT AN INCREASE OF 1 PER CENT ON THE CURRENT DUTY LEVELS.
OPERATIVE DATE
3. THE RATE CHANGES WILL HAVE EFFECT ON AND AFTER 6PM ON 24TH MARCH 2010.
CURRENT LAW AND PROPOSED REVISIONS
4. THE NEW RATES OF DUTY ARE:
CIGARETTES: AN AMOUNT EQUAL TO 24 PER CENT OF THE RETAIL PRICE PLUS £119.03 PER THOUSAND CIGARETTES;
CIGARS: £180.28 PER KILOGRAM;
HAND-ROLLING TOBACCO: £129.59 PER KILOGRAM;
OTHER SMOKING TOBACCO AND CHEWING TOBACCO: £79.26 PER KILOGRAM.
5. AN AMENDMENT WILL BE MADE TO THE TABLE OF RATES OF DUTY IN SCHEDULE 1 TO THE TOBACCO PRODUCTS DUTY ACT 1979, AS LAST SUBSTITUTED BY SECTION 12 OF THE FINANCE ACT 2009.
FURTHER ADVICE
6. IF YOU HAVE ANY QUESTIONS ABOUT THIS CHANGE, PLEASE CONTACT THE NATIONAL ADVICE SERVICE ON 0845 010 9000. INFORMATION ABOUT BUDGET MEASURES IS AVAILABLE ON THE HM REVENUE & CUSTOMS WEBSITE AT www.hmrc.gov.uk
For further information, contact sales at Impatex on 0870 872 2770 or use our contact form.
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