Report Published: "Cigarettes in the United Kingdom"
March 2012 saw a continuation of the duty escalator introduced in 2010, with this increasing specific taxation on cigarettes by a rate two percentage points ahead of inflation. This followed the 2011 increase in the nominal rate of VAT from 17.5% to 20.0% in January, which not only increased the price of cigarettes, but also reduced consumers' disposable incomes by increasing the price of most fast moving consumer goods. Smokers consequently faced growing economic pressures, in addition to...
View full press release