El Presidente Posted November 22, 2023 Posted November 22, 2023 Chancellor Jeremy Hunt has announced he will hike tobacco duty in his Autumn Statement, in a blow for smokers. He confirmed the Government would "increase duty on hand-rolling tobacco by an additional 10% above the tobacco duty escalator". The Chancellor also announced that all remaining tobacco products would face a 2% increase above inflation. All changes would take place from 6pm on Wednesday, November 22. Anyone who makes or imports cigarettes, cigars, hand-rolling tobacco, or chewable tobacco will need to pay the tobacco duty. Manufacturers or importers might choose to hand these added costs down to consumers, but that's at their discretion. The government said it was implementing the tax hike as it was an "established tool to reduce smoking prevalence and ensure that tobacco duties continue to contribute to government revenues". The tax hike also follows a similar price rise in April this year. It was revealed that the price of a pack of cigarettes would rise by over 12%. Any duty rises are usually in line with inflation. 2
MagicalBikeRide Posted November 22, 2023 Posted November 22, 2023 Price of cigars is already eye watering. This won’t help. We had similar tax changes here in Ireland during recent government budget forecast. And we also have that poxy plain packaging law. I used to buy absolutely everything locally. Hard to justify these days. A 25 box of PSD4 will now be >$1k USD and to add insult to injury, the buyer can’t legally look at the box / packaging - never-mind take it home. 2
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