Cigarettes - tax question

[m1spw]

Does anyone know how much of the tax is on say a £5 packet of cigarettes?

And how does it break down - is it like petrol where one tax is taxed again by VAT?

[speedy_thrills]

It can be up to 85% of the product cost apparently, You have just done you GCSE’s so you should be able to take it from there.

BTW yes cigarettes are subject to VAT and duty tax.

[BliarOut]

Simple economics. Buying 3200 cigarettes in Portugal saved me £360. The holiday only cost £260. So, not only did Gordon give me a free holiday, he bundled £100 spending money in too

Have anyone any idea how much the chancellors current taxation structure has cost him in lost revenue? Last time I bought ciggies in the UK was about four years ago.

[telecat]

BliarOut said:

Simple economics. Buying 3200 cigarettes in Portugal saved me £360. The holiday only cost £260. So, not only did Gordon give me a free holiday, he bundled £100 spending money in too Have anyone any idea how much the chancellors current taxation structure has cost him in lost revenue? Last time I bought ciggies in the UK was about four years ago.

Probably Billions. Means Customs & Excise are reverting to their old heavy-handed tactics from the 1700's as well as Encouraging smugglers.

[BliarOut]

I know... I only need two trips a year to avoid all UK duty