Budget day hint?

Having published draft Finance Bill legislation for consultation over the summer, the government is moving back to the ‘new’ autumn Budget timetable, followed by a Finance Bill which will proceed through Parliament in time to receive royal assent before April 2021. That Budget could potentially be held on 18 November 2020, based on an assumption set out in Excise Notice 85c.

The notice explains the restrictions on tobacco products which can be removed to home use, and has been updated to extend the restrictions on products that can be removed for home-use before the Budget (in anticipation of a duty increase) to include hand-rolling tobacco. Interestingly, for the purposes of the notice, Budget day is to be read as 18 November 2020.