Skip to main content

Excise Duty (Tobacco, Wines And Spirits)

Volume 890: debated on Monday 14 April 1975

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer if he will estimate the increase in duty on tobacco and on wines and spirits, separately, that would be required to restore the real value of duty to the level of February 1974, June 1970 and June 1964.

The information is:

CHANGES IN DUTY TO RESTORE THE REAL VALUE OF DUTY AND VAT
(Pence)
To rates in
February 1974June 1970June 1964
Tobacco (20 standard tipped cigarettes)-1½+7+7
Wine (bottle)-4+15-2
Spirits (bottle)+20+120+85

Note: The estimates are of duty increases to make the duty, together with the associated VAT, equivalent in real terms to the duty (plus VAT in February 1974) at the dates specified. The conversion to real values has been made using the retail price index.