The government plans to make smokers and drinkers pay more in tax to fund
their attempts to reduce poverty among children and pensioners.
Cigarettes will go up by an average of 11p per packet while cigars will
increase by 4p.
Alcohol taxes will rise by 6% above the rate of inflation from this Sunday,
and by 2% each year for the next four years.
The cost of a pint will increase by 4p, while a litre of cider will rise by
3p and a bottle of wine by 14p.
The cost of a bottle of spirits will rise by 55p per bottle, the first rise
Smoking cessation products will continue to attract VAT concessions in order
to encourage more people to stop smoking.
The extra taxes would be used to fund heating allowances to be paid to
pensioners, as well as the government’s attempts to reduce child poverty.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy