Peter11216 Posted April 13, 2011 Posted April 13, 2011 A relative is traveling to the UK, near the Liverpool area, and kindly offered to pick up a box of cigars for me. I suspect that it is extremely expensive given the taxes, unfortunately. If anyone cares to disabuse me of this, and suggest a reputable shop in the area (¿or in the aeroport?), please do! However, while trying to figure out what the tax rate is in the UK, I came across the website for the Tobacco Manufacturers' Association. According to their site (UK tobacco market summary), The total tax burden (excise duty plus VAT) accounts for 90% of the price of the cheapest cigarettes on sale in the UK. Quite something. Is this similar in other members' countries? I'm embarrassed to say, I have no idea what the rate is here in New York. There's also a table showing that the UK collects £8.8 Billion is excise taxes on tobacco products. It's small in comparison to the tax revenue (including national insurance) of the UK, which, according to the Guardian, was £519 Billion in 2009 - 2010. I'm not sure how it compares with the U.S.; or other excise-taxed things in the UK. Please Advise, Please Discuss, Peter
mazolaman Posted April 13, 2011 Posted April 13, 2011 You would be a brave(or rich) man to buy decent cigars at UK prices re Taxes. There is a constant debate about banning smoking,but the government(s) all realise it's a tax cash cow, More interestingly,the estimated tax evaded by the general public is £42billion/,thats over aprox 60million people. Estimated tax evaded by top 5%highest earners £146billion. So,rather than chasing the smoke lovers for the estimated £1.9-3.8billion lost revenue,maybe there are others to look at?
thechenman Posted April 13, 2011 Posted April 13, 2011 In NY and NYC in particular you pay the highest cigarette, loose tobacco and cigar taxes in the country. Chew on that one...I know it infuriates me to no end.
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