Excise Duty (Tobacco, Wines and Spirits)

HC Deb 14 April 1975 vol 890 c30W

Mr. Knox

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.

Dr. Gilbert

The information is:

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

NoteThe 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.