8 Marsden Business Park
James Nicolson Link
Clifton Moor
York, YO30 4WX
01904 69 16 16

Search News


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

Finance (No.3) Bill published
14/11/2018 - More...
As expected, the government published Finance (No.3) Bill on Wednesday, 7 November 2018. The Bill is so named as it is

Directors’ loans – tax consequences for your company
14/11/2018 - More...
There are tax consequences for both companies and directors relating to the issue of director’s loans. We will examine

Directors’ loans - tax consequences for the director
14/11/2018 - More...
An overdrawn director's loan account is created when a director (or other close family members) 'borrows' money from

Newsletter

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

» Sign up for the Newsletter
» Login