0191 257 0355

71 Howard Street, North Shields
Tyne & Wear, NE30 1AF


Autumn Budget 2018 - Alcohol and Tobacco Duty

Source: HM Revenue & Customs | | 30/10/2018

As part of the Budget measures the Chancellor announced that the duty rates on beers, spirits and most ciders will be frozen at the current rates. These measures mean that a bottle of whisky will be £1.54 less and a pint of beer 14p less than if the rates had increased as expected based on the duty escalator.

However, the Chancellor did announce an RPI inflationary increase in the duty band for high strength sparkling cider known as 'white ciders' with alcohol levels above 5.5% from 1 February 2019. The price of wine will also increase by RPI inflation from the same date.

The duty rates on tobacco products were increased by 2% above the rate of inflation (based on RPI) effective from 6pm on 2 October 2018. The Chancellor also announced that the duty for hand-rolling tobacco will increase by an additional 1% (i.e. 3% above RPI) at the same time.

 

Latest News

  • Automatic enrolment for the self-employed?

    08/01/2019 - More...

    The government has confirmed that they are to examine a number of different approaches to help encourage the self-employed to save for their retirement. The success of automatic

  • New 'global' pound coin

    08/01/2019 - More...

    HM Treasury has confirmed that the £1 coin will be going global. This announcement means that the UK’s Overseas Territories and Crown Dependencies will be able to design and mint

  • Check if your Holiday let property is qualifying

    08/01/2019 - More...

    The Furnished Holiday Let (FHL) rules, allow holiday lettings of properties that meet certain conditions to be treated as a trade for some specific tax purposes. In order to

Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login

Copyright © 2018 - Read Milburn