Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether the amount of revenue accruing to the public purse from taxation on tobacco has matched the forecasts set out for those revenues by the Office of Budget Responsibility in each of the last 10 years.
The Office of Budget Responsibility (OBR) and Her Majesty’s Revenue & Customs (HMRC) regularly review the performance of forecast receipts and the findings are published in the OBR’s Forecast evaluation reports. The most recent Forecast evaluation report, published in October 2017, evaluates Tobacco Duty forecasts announced in the 2015 and 2016 Spring Budgets. This can be seen in the Forecast Evaluation Report :
http://budgetresponsibility.org.uk/fer/forecast-evaluation-report-october-2017/.
VAT is also charged on tobacco but this information is not separately forecast.