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Sunday, 27 March 2011

This is probably the main reason you will want to quit smoking now!

Budget 2011: £7 pack of cigarettes

Smokers will be greeted with a £7 pack of cigarettes when they enter a shop on Thursday, after duty was raised by more than the rate of inflation.

Budget 2011: £7 pack of cigarettes
Budget 2011: £7 pack of cigarettes Photo: ALAMY
From 6pm on Wednesday, duty on tobacco rose by 2pc above inflation. On top of this, a wider restructuring of duty added 50p to the price of a packet of economy cigarettes and 33p to premium cigarettes, meaning that poorer smokers will be disproportionately affected.
A pack of Windsor cigarettes, for instance, currently priced at about £5.13 will now cost £5.63, with 88 per cent of its retail price going to the Treasury in either VAT or duty.
A pack of premium cigarettes, such as Silk Cut or Benson & Hedges, will increase from £6.62 to £6.95.
Source: http://tinyurl.com/62b2kul

 And we found this on the direct.gov.uk

Tobacco

As announced in the March Budget 2010, tobacco duty rates will increase by 2 per cent above the RPI. Duty on hand rolling tobacco will increase by an additional 10 per cent. These changes will come into effect from 6pm on 23 March 2011.

Changes to the tobacco duty regime

The government is also restructuring cigarette duty to support health objectives. As a result, 'ad valorem' duty on cigarettes will decrease to 16.5 per cent, and specific duty will increase by 25 per cent above the RPI.
This will target the duty increase on cheaper cigarettes, adding 50 pence to a packet of economy cigarettes and 33 pence to a packet of premium cigarettes. These changes will come into effect from 6pm on 23 March 2011.

Tobacco: tackling fraud

The government is fully committed to tackling the illicit trade in tobacco to protect public finances and support health objectives. HMRC and the UK Border Agency will be introducing a renewed strategy to tackle this fraud from April 2011.
Product
Effect of tax* on typical item (increase in pence)
Typical unit
Economy cigarettes
50p
packet of 20
Premium cigarettes
33p
packet of 20
* Tax refers to duty, plus VAT
 
 Source : http://tinyurl.com/5tk7lph

So we here at BarmyPharmies decided after seeing these proposterous increases that we would seek out the necessary to help you quit now!
 
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