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Imminent Tobacco Tax Hike Will Batter Legitimate Local Shops
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Guido Fawkes
Imminent Tobacco Tax Hike Will Batter Legitimate Local Shops
From 1st October, tax on factory-made cigarettes will jump from £353.50 to £394.09 per 1,000, an 11.48% increase, or RPI+8.22% (once HMRC’s own assumption is stripped out). Hand-rolling tobacco is due an even bigger hike, rising from £503.80 to £574.30 per kilo, up 13.99%, or RPI+10.73%. This represents the implementation of prior decisions and is…
26 Aug, 15:02