Market leading insight for tax experts
View online issue

Duty and Customs

 
Gavin McFarlane Temple Chambers Cardiff gives us his detailed comments on the Duty and Customs measures (and non-measures) in the Pre-Budget Report
 
So far as excise duties are concerned the Chancellor's Pre-Budget Report in December was as we shall see more memorable for what was not said than for what was.
Use of duty stamps to spread
 
However the one excise issue on which he did concentrate unsurprisingly was that of excise goods reaching the retail market without duty having been paid. It is now calculated that around 17% of the bottles of spirits sold in the United Kingdom in the year 2001–2 had evaded excise duty one way or another...
If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
EDITOR'S PICKstar
Top