Tobacco Tax Yield (Hansard, 14 June 1995)

§ Lord Stoddart of Swindon
asked Her Majesty's Government:
What was the total yield from tobacco taxes in (a) 1993–94 and (b) 1994–95 and what that yield represents as pence-in-the pound of income tax.

§ Lord Henley
The information requested is given in the table below:

Duty Vat¹ Total tax

£ million £ million £ million

1993–94 6,520 1,580 8,100

1994–95 7,390 1,640 9,030

¹ Value added tax has been estimated from Central Statistical Office figures for consumers' expenditure on tobacco.

This combined total of VAT as duty is equivalent to about 5 pence in the pound on the basic rate of income tax in both years.

§ Lord Stoddart of Swindon
asked Her Majesty's Government:
What is that total estiamted yield from tobacco taxes in 1995–96.

§ Lord Henley
The last published forecast for tobacco duties was in the revised 1995–96 Financial Statement and Budget Report (FSBR); we do not make separate forecasts of VAT on excise goods. A new forecast will be published at the end of June in the Summer Economic Forecast.

	Duty	Vat¹	Total tax
	£ million	£ million	£ million
1993–94	6,520	1,580	8,100
1994–95	7,390	1,640	9,030
¹ Value added tax has been estimated from Central Statistical Office figures for consumers' expenditure on tobacco.