23 November, 2017 in Industry News

Excise Duties - Autumn Budget 2017

The following is a summary of the Autumn Budget 2017 in relation to Excise Duties.

To return to the full summary please click here.  A PDF verison is available for download here.  The 2017/18 Rates & Allowances Tables are available to download here.

Vehicle Excise Duty – Diesel Supplement
From 1 April 2018 new diesel cars that don’t meet certain standards will be subject to a supplement VED rate. The rate will rise from 3% to 4% from 6 April 2018.

Air Passenger Duty
Short haul rates for Air Passenger Duty for the 2019/20 year will remain at the current levels.

The long-haul reduced rate for the tax year 2019/20 will be frozen at the 2018/19 level but the standard rate will increase by £16 and the higher rate will increase by £47.

Tobacco Duty
The duty rate on all tobacco products will continue to increase by 2% above inflation each year until the end of Parliament.

Fuel Duty
Fuel duty remains frozen.

Alcohol Duty
Alcohol duty remains frozen with the exception of some cheap ciders.

 

To return to the full summary please click here.  A PDF verison is available for download here.  The 2017/18 Rates & Allowances Tables are available to download here.

Whilst every effort has been made by CavanaghKelly to ensure the accuracy of the information here, it cannot be guaranteed and neither CavanaghKelly nor any related entity shall have liability to any person who relies on the information herein. Information given here is for guidance only. Detailed professional advice should be taken before acting on any information contained herein. If having read the guidance here, you would like to discuss further; a member of our team would be pleased to help you.